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27 May 2019

US demands are an invasion on China’s economic sovereignty - Xinhua

The US has called on China to limit the development of the state owned enterprises, but the world’s second largest economy sees the demand made by the US as an invasion on the economic sovereignty, according to Xinhua News Agency. 

Key quote 

At the negotiating table, the U.S. government presented a number of arrogant demands to China, including restricting the development of state-owned enterprises.

May 27, 2019

ECB’s Weidmann: No need for the ECB to change its policy at present

There is no need for the European Central Bank (ECB) to change its policy at present, even though there are signs of weakness in the Eurozone economy,
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May 27, 2019

China's industrial profits drop 3.7% y/y in April due to VAT cut

The latest data published by China’s National Bureau of Statistics (NBS) showed that profits earnt by China’s industrial firms in April fell 3.7 y/y,
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