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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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President Xi Shockingly Told China to Chill on Coronavirus Alarm

Chinese President Xi Jinping warned officials that their response to the coronavirus outbreak had already harmed the nation’s economy. Local authorities told to reign-in the scale of their response. China’s central bank declares the country’s economic health must be the first priority. China’s President Xi Jinping reportedly told staffers

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Chinese Insurers Tap Blockchain to Speed up Coronavirus Payouts

Blockchain technology is reportedly helping to streamline medical paperwork processing for insurance service providers as global coronavirus containment efforts continue.Leveraging blockchain’s ability to process information transparently and efficiently, insurance service providers are relying on the technology to speed up claims payouts in over 27 coronavirus affected Chinese cities, as well

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