In the United States, targeted bailouts prevented bank collapse and more general government spending and interest rate cuts stimulated general demand. In China, government spending on infrastructure was increased to compensate for the declining demand from US consumers.
In the first six months of 2017, Italian wines accounted for 5.9 percent of the market share in China among imported wines, higher than the 5.1 percent in the same period last year, according to Customs.
In the first half of 2019, about 45.9 percent of the 1.2-trillion-yuan consumption growth was realized via e-commerce, said Li Yongjian, an online economy expert with CASS.
In the first eight months, retail sales of consumer goods climbed 8.2 percent year on year to 26.22 trillion yuan, official data showed.
In the days that followed, the hospital noticed a large cluster of patients from Life Care with similar symptoms. On Feb 29, the first death from COVID-19, a patient at Evergreen Health, was reported.
In the face of the United States' imposition of tariffs on steel and aluminum, China and the EU share the similar stance of safeguarding the multilateral trading system, which underpins the global economic growth.
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In the US, news reports from across the country said hospitals and healthcare facilities were running out of supplies, and healthcare workers in some places are making their own safety equipment out of supplies from hardware stores.
In the first half of this year, Chinese direct investment in Ireland rose 75 percent year-on-year to 2 million, contrasting with a 26-percent decline in Chinese direct investment in Europe, according to law firm Baker McKenzie.
In the January-June period, the mid-sized lender made 10.7 billion yuan (.56 billion) of net profit, according to its filing to the Shanghai Stock Exchange.
In the first five months of the year, bond issuance of local governments totaled 1.9 trillion yuan, according to the Ministry of Finance (MOF).