Water is why its the perfect home for the seas gentle giants. China has become the 1st major economy to report growth since the start of the cold in 1000. 00 pandemic official data shows its economy grew an unexpected 3. 2 percent in the 2nd quarter after shrinking the most seem nearly 50 years while some industries are nearly back to normal Consumer Spending is still down. The epidemic is still spreading faster overseas the restart recovery of the World Economy and trade has been very difficult domestically the recovery have to modest slow the pressures of stabilizing and surprises and safeguarding residential employment a huge life took a turn in beijing for as katrinas surprising numbers there whats driving this growth in china. Well the Chinese Government says its because theyve been largely able to contain the corona Virus Outbreak here in china we did have a new cluster in beijing that was concerning at the end of may beginning of june but the government moved quickly locked down
H shares in now and hong kong up by. 5 . Pretty marginal gains here in the last half hour or so with it brings us near the top of the 2015 bubble. On the other of the argument hsbc is cutting china to neutral f this rally. Something to keep in mind as we take a breather here from the exuberance weve seen in chinese stocks. One more thing were watching is the hong kong dollar. Now 15. 7 billion hong kong has been injected into the system there. Solid that pair and the renminbi with a six handle for the First Time Since march. The strength of the renminbi certainly helping the equity markets as well. And gold still holding. Some breaking news from sri lanka, the federal bank cutting its lending rate to 5. 5 . Its a big cut, a 100 basis point cut bigger than expected. Economy expanding at a pace of 3. 8 in 2021. Much bigger than anticipated. Lets dig deeper into the ofkets and bring in ahead forpacific thank you joining us. Lets talk about china. Its going gangbusters in the last seven da
World Health Organization warns 300000 people could die across africa. With infection rates falling germany says its got the outbreak at manageable levels. Ground control to me. And top tips from a former astronauts on how to come to grips with life in isolation. And on time how much now have all the sporting commuting plans are and the motion to complete this seasons European Champions League with all this 29th a pencil then before the final. Alarming new numbers are showing the strain of the coronavirus pandemic on the worlds 2 biggest economies this increasing doubt about the u. S. President s. 2 week deadline for getting businesses back up and running in 30 states 22000000 americans have made jobless claims in the past month numbers not seen since the Great Depression of the 1930 s. Chinas Gross Domestic Product has plummeted by almost 7 percent in the 1st quarter the steepest fall since it opened up to the world or 2 years ago and theres been a big rise in the death toll in the or
Government told it was too slow to react to the Global Pandemic as the death toll rises by more than 800. 00. And we join paramedics risking their lives on the front line of latin americas biggest corona Virus Outbreak. The coronavirus pandemic has brought decades of Economic Growth in china to a halt its crossed a mystic product shrank for the 1st time since records began the news comes as the government revised the death toll in the city of war han with a pandemic is believed to have begun officials now say 50 percent more people died there than previously reported katrina you has this report from beijing. The coronavirus pandemic has Strained Health systems around the world and now its caused the growth of the. Largest economy to falter for the 1st time in decades for the 1st quarter of 2020 chinas g. D. P. Contracted by 6. 8 percent that. The current external situation complex domestic demand remains comparatively Weak Companies still face difficulties such years insufficient deman
President unveils his plan for reviving the Worlds Largest economy but there are doubts about whether it will work. And the rush to make masks in kenya as the World Health Organization walled 300000 people could die across africa. And canadians come together to help societies most vulnerable get the goods and services they need. Welcome to the news hour its 1500 g. M. T. 6 oclock local here in doha welcome to the news hour we begin in china where the coronavirus pandemic has stopped decades of Economic Growth the countrys g. D. P. In the 1st 3 months of this year shrank for the 1st time since records began on the news comes as the government revised the death toll in the city of where the pandemic began officials now say 50 percent more people died than. Its the reported from beijing our correspondent katrina you reports. The coronavirus pandemic has Strained Health systems around the world and now its caused the uninterrupted growth of the worlds 2nd largest economy to falter for the