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Corona crisis: USA vs. China
In a western intelligence paper, China is sharply encouraged to deal with the pandemic. According to the media, the dossier documents the cover-up of Chinese authorities and points to risky research in a laboratory in the Chinese city of Wuhan, where the new corona virus first appeared in December.
Secretary of State Mike Pompeo said on Sunday that there was “significant” evidence that the crisis started in that laboratory. Previously had US President Donald Trump Corresponding speculations have been sparked and threatened again with a trade war and new punitive charges. China rejected the allegations and sees it as a “diversionary maneuver” by the US from its “own inability” to fight the pandemic.
Market analyst Milan Cutkovic of AxiTrader said that it was probably a misconception that the trade crisis was only a “relic from the old days” due to the virus crisis. Investors therefore needed to have strong nerves in the coming weeks.
Weak economic data
Bad news also came from the economy again: Orders to US industrial companies plummeted in March as a result of the Corona crisis. The companies received 10.3 percent fewer orders than in the previous month. This is the strongest monthly decline ever measured. Analysts had expected a significant drop, but estimated it to be 9.5 percent on average.
Corona loosening does not go smoothly
However, the easing of regulatory requirements in the wake of the coronavirus pandemic is not going smoothly in some states. The warm weather drives people in the United States onto the streets and leads more and more to conflicts with law enforcement officers. Meanwhile, US President Donald Trump insists that the conditions be ended quickly to stop the historic economic downturn.
Editorial office finanzen.net / Dow Jones Newswires / dpa-AFX
Image sources: Ionana Davies / Shutterstock.com, Frontpage / Shutterstock.com
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