Robin Xing, chief China economist with Morgan Stanley, said that policymakers should focus on stimulating demand by introducing a special deficit for fighting the epidemic which would not be bound by the official fiscal deficit target. The government could raise funds for the deficit by issuing special government bonds.
Reuters and Hong Xiao in New York contributed to this story.
Riots in the city bordering Missouri and Illinois have entered a third night over the acquittal of St. Louis police officer Jason Stockley, who is accused of killing Anthony Lamar Smith, a 24-year-old black man, in 2011.
Review: Amazon Echo in the house: Superior streaming speaker with so-so smarts
Ride-hailing companies Lyft and Uber Technologies offered the potential to upend the conventional taxi business and perhaps car ownership in urban areas, but each came with steep losses. Investors were wary — Lyft and Uber now trade about 30 percent below their offer prices.
Roach said Chinese officials acted aggressively to contain the coronavirus, imposing travel bans and isolating entire cities. He called the actions "draconian" but necessary — and effective.
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Rorsted said that last year his company-which owns other brands including Reebok, TaylorMade and Reebok-CCM Hockey-achieved sales of 3 billion euros (.26 billion) in China thanks to updated products, new stores and the vibrant development of e-commerce.
Rotation of ships leading the drills is a common practice in a multilateral exercise, said Aaron Li Jun Hong, commanding officer of Singaporean frigate Stalwart, adding "this is an opportunity when participating navies take charge of different drills, and we can learn from each other."
Rioters set fires near the Wan Chai police headquarters, Hong Kong, Aug 31, 2019. [Photo/chinadaily.com.cn]
Rumor has it Amazon has since pulled back on some of its more farfetched?ideas, though this week’s patents seem to suggest the company hasn’t completely?left its moonshot ambitions behind.