EmerioBanque

Post Coronavirus, China Looks Set To Grow While The Rest Of The World Contracts

The relation between the United States and China is on the verge of a break-off. Many analysts have provided hints on the emerging global landscape since the annual parliamentary meeting in China had come to an end.

The week-long meetings concluded on sending powerful indications to its citizens and the entire world that they have overcome COVID-19 and are set to restart businesses shortly.

China was the first country to initiate a total shut down following strict safety measures to combat the COVID-19 crisis and it also placed itself as the first economy to start over in March.

The National Bureau of Statistics stated that the economy slowed down in the first quarter but subsequently increased in the first half itself.

This meeting also introduced a security bill for the semi-autonomous region of Hong Kong that has put on powers to the central government for crushing any sort of conflict. This security bill came into action because of the US President's announcement of eliminating Hong Kong's unusual trading stature with them.

The US Government has been rigid in dealing with China. From abandoning Chinese stock listing to making an effort of hamstringing their telecommunication friend Huawei, this geopolitical war is expected to broaden even more after the election.

Previously, the Chinese economy faced a 6.8% reduction but China came off strongly post corona and reported 3.2% growth whereas other nations are still tackling the pandemic following total economy shut down. The analyst predicted the Chinese economy will see a 1% to 3% growth in 2020 whereas the U.S. will face a terrible decline of 6%.

According to Bill Adams, "China is getting on its feet strongly because of its manufacturing unit". China has started off strongly by manufacturing products and is no longer dependent on other countries.

In June, the figures for factory output show remarkable growth of 4.4%. The retail sales faced a decline of 3.9% but online retail sales recorded 14.3% expansion.

The Chinese administration has promised to expend $280 billion to meet its goals and produce 9 million jobs to overcome deprivation. The ruling party has refused to join Japan and the United States 1 trillion packages.

Many analysts are revealing that the United States has a surplus business investment at risk in HK. Brue Pang has stated that the US economic market is under pressure to send more companies to the HK Exchange.

Chinese leaders have given prominence to boost the businesses ready for investment. They are keeping all the foreign firms on the unreliable entity list to stimulate their domestic firms and boycotting products from other countries.

George Friedman, in a phone interview, said that the conflict between China and the US gave birth to trading interception and now China is ready to deal with the problem by expanding and consuming domestic products.





Other news

Exchange Rates

Currency Buy Sell
EUR USD 1.06 1.10
EUR GBP 0.86 0.89
EUR CHF 1.02 1.06
EUR AUD 1.72 1.70
EUR JPY 116.08 116.56
EUR MYR 4.50 4.77
EUR SGD 1.53 1.57
EUR HKD 8.27 8.53
EUR CAD 1.54 53.84
EUR DKK 9.75 1.55

Most Recent Blogs View All Blogs

13 Jul

Trade Finance & SMEs - Reasons Why SMEs Opt For Trade Finance

Small & medium-sized enterprises ie. SMEs have long been considered one of the key drivers for e...

25 Jun

Things To Consider While Choosing Investment Bank

Are you confused about investment bankers? Do you want to know how to pick the best one for your bus...

24 Jun

Advantages Of Getting Corporate Investment Banking Services

Hiring an investment banker or availing the investment banking & management services brings enor...

Disclaimer

Emerio Banque is an innovative global financial institution incorporated in England and Wales with Legal Entity Identifier 875500DGPPWAFABBK130. Emerio Banque does not offer its products and services to businesses and/or persons registered in the United Kingdom.

No information on this website should be construed as a solicitation, offer, recommendation, and representation of suitability or endorsement of any security, investment or strategy.

Important Notice

Emerio Banque would like to advise its customers to report any suspicions which they may have regarding the identity of any intermediary who promotes products or services offered by us or any intermediary bearing similar names. You should verify with Emerio Banque by calling our Customer Service Number on +44 203 059 7831 or emailing help@emeriobanque.com

Please also be aware of bogus SMS messages and voice message calls or fraudsters who impersonate the staff of Emerio Banque.

We have recently become aware of a number of entities with different names misrepresenting themselves as associates, partners or agents of Emerio Banque.

Please be informed that Emerio Banque is not associated with nor do we have any business connections or dealings with such institutions.

Emerio Banque takes all information regarding suspicious fraudulent activity very seriously. Please immediately inform us at compliance@emeriobanque.com if you suspect or are approached by persons misrepresenting or impersonating Emerio Banque and/or its officials. We will make investigations and will take legal action where necessary.