Monday 13th of July 2020

pollution reduction...

pollution reduction...

Factory activity in China fell at a record rate in February, as manufacturers closed their operations to contain the spread of coronavirus.

The country's official measure of manufacturing activity - the Purchasing Manager's Index (PMI) - dropped to 35.7 from 50 in January.

It shows the virus is having a bigger impact than the financial crisis that shook the world last decade.

The data also suggests that factories are struggling to find enough workers.

PMI figures - calculated with data from monthly surveys of private sector companies - are a key indicator of a county's economic health, and can move financial markets.

China makes up a third of world manufacturing and is the world's largest exporter, so this PMI drop - well below analysts' expectations - will have a knock-on effect on other countries.

 

Read more:

https://www.bbc.com/news/business-51689178

the virus hits the debt and the junkets...

The news over the weekend was nothing short of grim.

The first Australian, a Perth man who had been quarantined on the beleaguered cruise ship in Yokohama, died in a Perth hospital from the effects of the coronavirus as cases reported here at home spread down the east coast.

America's first casualty died in a Seattle hospital, prompting the Governor of Washington state to declare a state of emergency, while more cases were reported that seemingly had no connection to international travel.

In Italy, meanwhile, Venice and other tourist favourites were near empty as the outbreak in Milan last week sent shockwaves across Europe, and sports authorities pondered whether to proceed with the Tokyo Olympics.

Global conferences from Sydney to San Francisco to Barcelona were cancelled as participants opted to stay home and perhaps participate online.

 

Read more:

https://www.abc.net.au/news/2020-03-02/coronavirus-shook-stock-market-af...

or the american turkeys...

Previously, a spokesman for the Chinese Foreign Ministry suggested that the US Army could have been responsible for the outbreak of the disease in the city of Wuhan, but failed to provide solid evidence to support the allegation.

The US has summoned Beijing’s ambassador to the US over comments recently made by a Chinese Foreign Ministry spokesman, who suggested that the American military was responsible for the coronavirus outbreak in China, Reuters reported, citing an anonymous State Department official.

In a series of Twitter posts, Zhao Lijian, a Chinese Foreign Ministry spokesperson, suggested that the US Army could have brought the coronavirus to the city of Wuhan in China’s Hubei province – the epicentre of the pandemic. The spokesman referred to a video with US Centres for Disease Control and Prevention Director Robert Redfield in which he admits that some of the American patients who appeared to have died from influenza later showed positive results for the coronavirus.

When asked by journalists whether Zhao Lijian's comments represented Beijing’s official position on the matter, another Chinese Foreign Ministry spokesman, Geng Shuang, didn't give a definitive answer. Instead, he stated that different opinions exist within the international community regarding where the COVID-19 came from.

 

Read more:

https://sputniknews.com/us/202003131078560778-us-summons-chinese-envoy-o...