China exporters look inwards as virus hits overseas markets

Beijing: Cancelled shipments, returned goods and a dearth of new orders have left China exporters in crisis as the coronavirus hits its trading partners worldwide – accelerating a long-standing push towards domestic consumption. The world’s second-largest economy is stirring back to life after virus cases dwindled from a peak in February, when activity came to […]

COVID-19: Leading economist Nouriel Roubini warns of 10 years of depression, debt

London: Economist Nouriel Roubini has warned of a prolonged downturn and sluggish recovery from the coronavirus. Nicknamed Dr Doom for his gloomy predictions, Professor Roubini said there are some jobs that simply will not come back after this crisis, the BBC reported on Friday. Even if the global economy recovers this year from the impact […]

China’s $941 billion sovereign fund seeks more resilient assets

Beijing: China Investment Corp. is looking for more resilient assets in markets battered by the coronavirus pandemic as the nation’s $941 billion sovereign wealth fund seeks to boost long-term returns, Executive Vice President Zhao Haiying said. The Beijing-based company added to its investments in credit markets in recent months, especially investment-grade loans in the U.S., […]