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☆ Saharan Dust Blowing Across the Atlantic Could Reach South Florida
▼ + stars: | 2023-07-09 | by ( Rebecca Carballo | ) www.nytimes.com time to read: 1 min

As Florida recovers from the tangled seaweed blob plaguing its coasts, nature may have something else in store for the state: dust from the Sahara. Saharan dust is moving across the Atlantic Ocean and could reach South Florida, resulting in hotter days and less rain, meteorologists said. As of Saturday afternoon, the dust was near the Bahamas, about 300 miles east of Florida. The Weather Service does not track the dust’s speed as it travels, she said. The dust could arrive in South Florida by this week, said Ping Zhu, an earth and environment professor at Florida International University.

Persons: Keily Delerme, Ping Zhu Organizations: National Weather Service, The Weather Service, Florida International University Locations: Florida, South Florida, Bahamas, Puerto Rico, Tampa

☆ China keeps lending benchmarks unchanged amid signs of recovery
▼ + stars: | 2023-04-20 | by ( ) www.reuters.com time to read: +2 min

SHANGHAI/SINGAPORE, April 20 (Reuters) - China kept its benchmark lending rates unchanged for the eighth straight month on Thursday in line with expectations, as the economic recovery reduced the need for any immediate monetary support. The one-year loan prime rate (LPR) was kept at 3.65%, while the five-year LPR was unchanged at 4.30%. The medium-term lending facility (MLF) rate now serves as a guide to the LPR. Markets mostly use the medium-term policy rate as a indication of likely changes to the lending benchmarks. "There might be cuts to deposit rate and 5-year LPR, so as to lower funding costs and support long-term business loans."

☆ SVB collapse could add to China stock investors' anxiety
▼ + stars: | 2023-03-12 | by ( Summer Zhen | ) www.reuters.com time to read: +4 min

SHANGHAI, March 12 (Reuters) - China stock investors, already disillusioned by Beijing's lower-than-expected economic growth target for the year, will be further disheartened by the shock collapse of U.S. lender SVB Financial Group, market participants said. The market mood could be damped further following Friday's sudden collapse of start-up focused lender SVB (SIVB.O), which stirred heated discussion over the weekend in China about its fallout. But many Chinese tech start-ups, especially those with dollar funding, have opened U.S. accounts at SVB. He is cautious about tech stocks that could be impacted by US-China frictions. Still, domestic A-shares will likely outperform offshore China stocks, which are more vulnerable to potential spillover from the SVB collapse, analysts say.

☆ China's economy could recover faster and earlier than expected, analysts say
▼ + stars: | 2023-01-17 | by ( Jihye Lee | ) www.cnbc.com time to read: +3 min

The nation's economy grew 3% for the full year of 2022 — the second-slowest growth rate it has seen since 1976. The nation's economy grew 3% for the full year of 2022 — the second-slowest growth rate it has seen since 1976. Xu expects to see a sharp rebound in the second quarter of 2023 as China continues to prioritize the economy over its zero-Covid policy. China's economy may have already seen the worst of pressures in the final month of 2022, JPMorgan's Zhu said. He added the weakness was the result of uncertainty surrounding the nation's zero-Covid policy and a mass infection that followed its steps of reopening.

☆ Stocks advance, U.S. dollar retreats as China drops quarantine rule
▼ + stars: | 2022-12-27 | by ( Xie Yu | ) www.reuters.com time to read: +4 min

China will stop requiring inbound travellers to go into quarantine starting from Jan. 8, the National Health Commission said on Monday. It will also downgrade the seriousness of COVID-19 as it has become less virulent and will gradually evolve into a common respiratory infection. read moreBy Tuesday morning in Hong Kong, MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was up 0.5%. China's bluechip gained 0.6% and Japan's Nikkei stock index (.N225) rose 0.43%. The dollar moved broadly lower on Tuesday while Australia's and New Zealand's currencies jumped as risk appetite grew after China scrapped its quarantine rule.

☆ În vreme ce UE și SUA sunt încă în criză, economia Chinei crește mai repede decât înaintea pandemiei
▼ + stars: | 2021-01-18 | by ( ) www.jurnal.md time to read: +3 min

În vreme ce UE și SUA sunt încă în criză, economia Chinei crește mai repede decât înaintea pandemieiChina este singura economie majoră care și-a revenit, parțial, după șocul provocat de criza sanitară, într-un moment în care alte țări încă se confruntă cu noi lockdown-uri și cu problemele financiare cauzate de acestea, scriu Financial Times și Deutsche Welle. PIB-ul Chinei a crescut cu 6,5% în al patrulea trimestru al anului trecut, în comparație cu aceeași perioadă a lui 2019, un ritm mai rapid decât cel de dinaintea pandemiei, scrie Financial Times. Datele aferente ultimului trimestru din 2020, sosite luni, arată că economia Chinei a crescut cu 2,3% în întregul an, producția industrială fiind principala responsabilă pentru revenirea economiei după criza sanitară. PIB-ul Chinei a suferit un declin în prima parte a anului trecut – situație unică în ultimele patru decenii – după ce autoritățile au impus un lockdown dur pentru a opri răspândirea virusului. Numărul de noi cazuri de infectare a scăzut dramatic în China la mijlocul anului 2020 și țara a revenit la o oarecare normalitate, cel puțin comparativ cu situația existentă în Europa sau în SUA.

Persons: Chaoping Zhu, Zhu Organizations: Financial Times, Deutsche, New York Times, Statistică, Banca Centrală Europeană, Banca Mondială Locations: UE, SUA, Chinei, China, Deutsche Welle, New, Europa, Hebei, Europei, Germania, Franța, Italia, Spania

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