Wuhan coronavirus will hurt Chinese economy, inflation, debt balance - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 53 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 51%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

The Wuhan virus could blow up the game China's been playing with its economy for years by lopezlinette

Health Officials in hazmat suits wait at the gate to check body temperatures of passengers arriving from the city of Wuhan Wednesday, Jan. 22, 2020, at the airport in Beijing, China.The Wuhan virus has markets roiling and Chinese officials rushing to stop its spread. Dozens have been killed and thousands infected across the country. Cases of the virus have also been found in the US.

And the longer it drags down economic growth, the more Chinese policymakers will be tempted to return to their best trick to juice up the economy, raising the possibility that property markets could overheat.Visit Business Insider's homepage for more storiesFor those who follow markets, starting the year with volatility emanating from China is all-too familiar.

"Without doubt, the hit would be most significant on domestic consumption and tourism-related sectors across the nation," Societe Generale analysts Wei Yao and Michelle Lam wrote in a recent note to clients. The plan was to keep credit flowing, but to make conditions especially easy for private business and small and medium-sized enterprises . At the same time policymakers would focus on fixing zombie companies — mostly big state owned enterprises — and weening them off their addiction to credit. In order to make sure property markets stayed cool, policymakers also committed themselves to stressing that buying property was not for speculation.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

TESLAcharts lopezlinette Unfortunately it might take so,e other economies with it.

lopezlinette Consider the plight of the incarcerated Muslims... this is Xi’s opportunity to ethnically cleanse with an excuse .. not enough medical personnel and equipment

lopezlinette We don’t need such authoritative regime to rule the world’s economy anyway. Unless China has changed its fundamentally flawed political system we should let China to dominate the world

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Video shows inside a Chinese hospital treating the Wuhan coronavirus - Business InsiderA 40-second video shows the conditions inside a Chinese hospital treating patients with the Wuhan virus Governments should ban eating ‘weird bush meat’ in Africa and China. It seems that was cause of AIDS, Ebola and Wuhan-Virus flu 😤
Source: BusinessInsider - 🏆 729. / 51 Read more »

Wuhan, the center of the coronavirus outbreak, is a major business hub - Business InsiderWuhan is home to factories of companies like Nissan, Honda, and General Motors, and the coronavirus outbreak could have a major economic impact. Teljesen átlagosan csetlik-botlik itt minden, és még minden csak pénz-szivattyú?!!!Az emberektől elszivattyúzzák a pénzüket, a zsebükbe a Természet ingyen javaiból készített termékkel?!!! are you looking for logo design exparts. please contact: That's what they get for eating cats, dogs, and wild animals but then they went out and spread it to the World.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Wuhan coronavirus: Hospital staff wear adult diapers, no time to pee - Business InsiderHospital staff in Wuhan are wearing adult diapers because they don't have time to pee while caring for an overwhelming number of coronavirus patients Feels like there are other ways to measure how much someone is working. Like number of hours... or its because it's easier than trying to get in and out of the biohazard suit 'What is my corona for $500, alex?' Jk
Source: BusinessInsider - 🏆 729. / 51 Read more »

Wuhan coronavirus: People in China turn on government as crisis worsens - Business InsiderAn unprecedented quarantine during the biggest festival of the year is proving a breaking point, as a fearful public faces the spreading virus. And they forget gong xi fa choi now Horrible courageousgirl2 Citizens need to do their part controlling it as well. When you hear a viral outbreak is happening over the radio/TV, you don't continue getting hopping on a jet to another country. hope this time tiananment is not happened again 😥
Source: BusinessInsider - 🏆 729. / 51 Read more »

Wuhan travelers are tracked by UK public health officials - Business InsiderMore than 30 people were reportedly tested by English public health authorities after cases of the virus were confirmed in Europe.
Source: BusinessInsider - 🏆 729. / 51 Read more »