FILE PHOTO: The Shanghai Stock Exchange building in the Pudong financial district in Shanghai, China February 28, 2020. REUTERS/Aly Song
China’s services sector expanded at the fastest pace in over a decade in June, the Caixin/Markit services Purchasing Managers’ Index showed, as the easing of coronavirus-related lockdown measures revived consumer demand. Brokerage shares were leading the gains in China on hopes of further capital market reform, a move that is in part fuelled, ironically, by Washington’s attempt to restrict Chinese firms’ access to Wall Street.
A separate report on jobless claims, the most timely data on employment, showed the number of people receiving benefits after an initial week of aid actually rose 59,000 to 19.290 million in the week ending June 20. On the other hand, expanded unemployment benefits to support those who lost their jobs due to the pandemic are due to expire at the end of this month, though many investors think Congress could extend the measure.
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Asian stocks set to follow U.S. jobs rally, China in focusAsian stocks were likely to track a firmer Wall Street session on Friday after strong U.S. jobs data although growing Sino-U.S. tensions and a worrying surge in coronavirus cases is likely to cap gains. So everyone is just going to ignore that the jobs numbers are complete horseshit? 😂 good luck... it’s about to get ugly in the US again. I think we can stop headlining stock markets since there's now irrefutable evidence that their performance doesn't indicate economic performance.
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Chinese Apps Get the China Treatment in IndiaU.S. internet giants have been locked out of China for years. Increasingly, Chinese apps may find themselves locked out of the rest of the world. Good. I don't get why ppl wear mask if they leave the nose open. I don't think its a problem actually.
Source: WSJ - 🏆 98. / 63 Read more »
Vietnam protests Chinese military drills in South China SeaVietnam's foreign ministry has lodged a complaint with China over military drills in the South China Sea that it said were 'detrimental' to Beijing's relationship with the Association of Southeast Asian Nations (ASEAN). BoycottChina So what? who cares!🤗
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Liza Koshy Apologized for Perpetuating Racist Stereotypes Against Asian People'Becoming anti-racist requires a personal reckoning.'
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Black and Asian Americans report increased discrimination during pandemic, survey saysAt a time of national crisis when Americans may benefit from rallying together, attitudes toward racial minorities seem to be hardening, especially when it comes to Asian and Black Americans. Complete BS... Everyone has the same opportunities. I'm a racial minority... 😂🤣😂🤣 Oh gee couldn’t be that Trump calls COVID the Kung flu, or tells black and brown people THAT WERE BORN HERE to go back where they came from, could it?
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