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 by Staff Writers Beijing (AFP) March 26, 2020
Chinese President Xi Jinping on Thursday urged G20 countries to remove trade barriers in an effort to spur a global recovery after the economic shock of the coronavirus pandemic. "Xi urged G20 members to cut tariffs, remove barriers and facilitate the unfettered flow of trade" during his remarks at the emergency online summit, the official Xinhua news agency reported. China has been hit hard by the COVID-19 outbreak since it emerged in the country late last year, with more than 80,000 infected and nearly 3,300 dead nationwide, according to official figures. The world's second-largest economy ground to a halt in February as authorities shut factories and imposed drastic lockdowns to curb the spread of the disease. Economic growth had already slowed as a result of the long-running trade war with the United States that saw billions of dollars in tariffs slapped on trade between the two countries.
Nike says China is coming back as online growth cushions virus blow New York (AFP) March 24, 2020 Nike executives said Tuesday that shoppers in key Asian markets are beginning to return to stores as the company reported a rare drop in Chinese quarterly revenues cushioned by stronger e-commerce sales. "Traffic is back," Nike Chief Executive John Donahoe said of the dynamic in China that is also beginning to play out in Japan and South Korea, two other countries that are also passed the worst of the outbreak. "Consumers are back in the stores," he told analysts during an earnings conference ca ... read more
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