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MEXICO CITY - Mexico's economy could contract 8.9 percent in 2020, amid a slow recovery in global productivity affected by the novel coronavirus (COVID-19) pandemic, the Bank of Mexico (Banxico) said in a report released Wednesday.

Luo Huining, director of the Liaison Office of the Central People's Government in the HKSAR, made the remarks in an online seminar on the nation's Constitution Day.

MANILA－Typhoon Phanfone barreled into the central Philippines on Tuesday, bringing "violent winds" over Eastern Samar and Leyte provinces, the Philippine state weather bureau said.

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Lu Ting, chief China economist with Nomura Securities, said in a research note that the Caixin manufacturing PMI surprised the market and suggested some good short-term momentum for a recovery.

Lu said 5G technology is a vital enabler of cloud gaming, helping overcome terminal hardware constraints. "We've already made a move to cloud gaming, and this year we will also explore the commercialization of 5G and virtual reality."

MEXICO CITY/BEIJING － Chinese automaker Great Wall Motor Co Ltd is considering building an auto plant in two Mexican states hit by US President Donald Trump's drive to make US companies invest at home, sources said.

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Lu Ting, chief China economist at Nomura Securities, wrote in a research note on Thursday that the recession among developed economies and emerging Asian economies could hit China's exports hard.

MLG: In the late 1980s, Microsoft was thrust into the spotlight not so much for its status in the growing tech industry—it was already a big name in software—as for its approach to meeting the intense staffing needed to constantly test out new products and prototypes. Microsoft was assigning temporary workers tasks that were virtually identical to what their permanent staff did. These “permatemps” spent years on software projects with the same responsibilities, reporting to the same management, and on full-time hours as their full-time counterparts. In many cases, everyone was making the same amount of money and had the same benefits, except for stock options extended to full-time employees only.

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Luneng Group, a real estate and new energy developer, is taking advantage of internet to promote Party building and learning about the Communist Party of China.

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