China picked 10 domestic conglomerates and multinationals for a trial program in which they will be able to freely buy and sell foreign currencies as part of a push to internationalize the yuan.
https://t.co/cW29tmpgWO
🎧New Episode🇨🇳 #China revealed its latest five-year plan at the annual #TwoSessions meeting. To discuss its implications, we speak to Wang Tao of @UBS and @yan_jinny of #ICBC. Later, Scott Rozelle of @Stanford discusses China's growing wealth inequality.
https://t.co/Cn22U9mtbk
In the current crisis, it is imperative that money reach those most in need as quickly as possible, there should be coordination of fiscal and monetary policies
The Limits of Extreme COVID Monetary Policy by Paola Subacchi @ProSyn
https://t.co/re0eDuxy3K
NEW: This PIIE Briefing sets out ten policy areas where near-zero cost
collective actions by the #G20 can meaningfully speed the return of global health, physical and economic, ranging from disease control, to international trade, to financial policy.
https://t.co/Bx4RoqRG6Z
During the severe flu season of 2017-18 there were 61,099 flu-related deaths and 44.8 million cases in the U.S.
A Covid-19 outbreak of similar size in the U.S. with a 1% death rate results in some scary numbers:
600,000 deaths
8 million hospitalizations
https://t.co/bCyOeedRAy
If the "substantial phase one" Trump-China deal does NOT ROLL BACK any tariffs imposed, then we are stuck at
• US tariffs on China that average 21.0% (up from 3.0% pre-Trade War)
• Chinese tariffs on US that average 21.8% (up from 8.0% pre-Trade War)
https://t.co/6CPzc9K5dG
ICBC Standard Bank (ICBCS), in partnership with Oxford Economics, has developed a suite of BRI Economic Indices, a standardised framework to compare the investment climates and economic and political risks of individual countries across the region https://t.co/lj5cFO9rCj