Central Bank of China Pumps 300 Billion Yuan Into Financial System, Cuts Loan Rates

Central Bank of China Pumps 300 Billion Yuan Into Financial System, Cuts Loan RatesThe Chinese government has taken multiple steps so far to contain the economic fallout from the coronavirus epidemic, including interest rate cuts and financial injections worth billions of yuan. It did it again this week, extending the monetary easing provided by the central bank. With the budget under pressure, however, there are indications that Beijing […]

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German Economy in Risk of Recession Amid Weak Demand, Tariff Threat, and Epidemic

German Economy in Risk of Recession Amid Weak Demand, Tariff Threat, and EpidemicGermany, the economic powerhouse of Europe, is facing renewed challenges that may soon push it towards recession. Falling industrial production and dwindling factory orders are the prime cause of concern. The negative results have been announced on the backdrop of weak demand from Eurozone countries, U.S. threats for import tariffs, and the fallout from the […]

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China Stocks Plummet Despite 1.2 Trillion Yuan Injection to Mitigate Effects of Epidemic

China Stocks Plummet Despite 1.2 Trillion Yuan Injection to Mitigate Effects of EpidemicChina’s stock market plunged Monday under selling pressure accumulated during a prolonged holiday. Investors have been worried by the coronavirus outbreak that’s already taken the lives of more than 360 people. Beijing authorities have responded by pumping well over a trillion yuan into the country’s economy and financial system. Also read: China’s Inflation Hits a […]

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Is China’s New Fascination With Blockchain Really Good for Bitcoin?

Is China’s New Fascination With Blockchain Really Good for Bitcoin?Blockchain development has kind of become an element of the party line in the world’s largest officially communist state. The General Secretary of the Communist Party of China, Xi Jinping, recently told a Politburo meeting that the People’s Republic has to gain an edge in the emerging field. Some say Xi’s statement brought back the […]

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Market Outlook: Leading Cryptocurrencies Attempt to Break Resistance

Market Outlook: Leading Cryptocurrencies Attempt to Break ResistanceDigital currency markets have started to show strong signs of recovery after dropping to new lows last week. On Monday, a number of cryptocurrencies gained between 2-5% over the course of the day. Crypto prices have held steady into the next day and many digital assets will likely test key resistance levels in order to […]

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