The official purchasing managers' index for China's manufacturing sector also showed a divergence in the activities of big companies and smaller ones in July. The reading for large companies rose to 50.7 while the index for activities of SMEs dropped.
The news in New York and Washington states, along with lower fatalities in parts of Europe, buoyed the stock market. The Dow Jones Industrial Average jumped 1,627.46 points, or 7.7 percent, to 22,679.99, though it is still down 21 percent from its record high earlier this year. The S&P 500 rose 175.03 points, or 7 percent, to 2,663.68. The Nasdaq Composite gained 540.15 points, or 7.3 percent, to 7,913.24.
The once-hot art market is expected to recover in China, according to recent market research.
The next stage of supply-side reform is expected to include continually cutting capacity and production in heavy industry, which is in part to reduce pollution, according to a research note by Louis Kuijs, head of the Asia Economics department at Oxford Economics.
The nonprofit National Farmers Union (NFU), which is backed by the American Farm Bureau Federation and major commodity groups like the National Pork Producers Council, announced a .5 million four-month campaign aimed at showcasing how the tariffs are causing pain among US farmers and manufacturers.
The news is a relief to the business community, which has been sounding the alarm — via the Downtown Seattle Association,? Seattle Metro Chamber of Commerce, and Washington Technology Industry Association — over the possibility of a new tax amid the current economic downturn.
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The notice also encourages financial institutions and insurance companies to increase lending rates and property insurance rates of people with poor credit or restrict loans and insurance services to these people. Trans-departments cooperation in regulating online platforms is also encouraged, the notice added.
The number of COVID-19 cases in the United States topped 33,276 as of 21:00 Eastern Standard Time Sunday, with 417 deaths, showed data by the Center for Systems Science and Engineering at Johns Hopkins University.
The numbers show Apple’s online store slipping 4 points to a score of 80, falling out of the top 5. Dell.com fell 4 points, to 77; and JCPenney.com saw the biggest decline, falling 6 points to a score of 78.
The number of motor vehicles in Lhasa is growing by 20,000 to 25,000 a year - rising from 157,840 in 2014 to 180,053 in 2015, then reaching 197,759 as of July 2016, government figures show.