Thursday, February 20, 2020
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China’s Communist Party is Getting Nervous About Coronavirus Reporting

The Chinese government has expelled three Wall Street Journal reporters over an op-ed published by the outlet. The Wall Street Journal has been instrumental in exposing China’s underreporting of the coronavirus outbreak. China may be trying to suppress information about the outbreak by intimidating journalists. The Chinese Communist Party

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Shocking Coronavirus Outbreak Chart Shows China’s Lockdown is Failing

Since January 23, the lockdown of the Hubei region, the number of confirmed cases of coronavirus surpassed 71,000 in mainland China. Despite strict measures from the government such as household quarantine, the virus outbreak is showing little signs of slowing down. Data from the South China Morning Post indicates 1,775 individuals

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Coronavirus Outbreak is Threatening to Bankrupt China’s Tesla Rival

The coronavirus outbreak is having a sizable impact on the Chinese economy. Car sales have slumped and will probably stay subdued for the entire year. Chinese electric car-maker—Nio—was already cash strapped, and the coronavirus outbreak will likely push it into bankruptcy. The growing number of coronavirus cases has crippled the Chinese economy. All

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US Congressman Challenges Fed Chair on Threat of China’s Digital Currency

United States Congressman Bill Foster (D-IL) has questioned the Chair of the Federal Reserve Jerome H. Powell on U.S’s central bank digital currency (CBDC) progress at a hearing on monetary policy earlier today. Foster hopes for a digital dollarFoster began his questioning by asking Powell:“Do you think that establishing a

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Soaring Inflation and Crashing Home Sales: Coronavirus Devastates China’s Economy

China’s real estate market is showing signs of collapse as the spread of coronavirus intensifies. Inflation is surging as the disease disrupts businesses and supply chains. A government researcher says the economic impact of coronavirus could shave as much as 1 percentage point from full-year GDP growth. Coronavirus is wreaking havoc on the

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Fearing ‘Currency Struggle,’ Japanese Politicians Want G7 Response to China’s Digital Yuan

Japanese politicians are calling on G7 members to respond to China's digital yuan by collaborating on digital currency research. Senior politicians from the ruling Liberal Democratic Party (LDP), led by former economy minister Akira Amari, told reporters Friday that Japan should share information and technical studies with the U.S. and

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