Regional News

28.05.2020

Russia’s economic activity stands at 79% of pre-crisis figure

Economic activity in Russia reached 79% of the pre-crisis figure, Minister of Economic Development Maxim Reshetnikov said on Wednesday.

"From May 12, when the regions started to gradually lift restrictions, signs of recovery began to appear. At the moment, we have reached 79% of the pre-crisis level of economic activity," Reshetnikov...

Economic activity in Russia reached 79% of the pre-crisis figure, Minister of Economic Development Maxim Reshetnikov said on Wednesday.

"From May 12, when the regions started to gradually lift restrictions, signs of recovery began to appear. At the moment, we have reached 79% of the pre-crisis level of economic activity," Reshetnikov...

28.05.2020

Rouble, Russian stocks down, following Brent curve

The Russian rouble weakened on Wednesday, dragged down by lower oil prices, after investors turned to safer assetsbecause of growing tensions between the United States and China over security legislation for Hong Kong.

At 1342 GMT, the rouble was 0.6% weaker against the dollar at 71.22 and had lost 0.7% to trade at 78.29 versus the euro.

Oil prices fell on...

The Russian rouble weakened on Wednesday, dragged down by lower oil prices, after investors turned to safer assetsbecause of growing tensions between the United States and China over security legislation for Hong Kong.

At 1342 GMT, the rouble was 0.6% weaker against the dollar at 71.22 and had lost 0.7% to trade at 78.29 versus the euro.

Oil prices fell on...

28.05.2020

Russians losing interest in Chinese goods, sales could halve in 2020

The volume of Chinese goods purchased by Russians dropped 7.1% to 323.3 mln items in 2019 mainly due to rising prices, a reduced limit on tax-free imports and long deliveries, according to the Association of Internet Trade Companies (AITC).

"The mood of consumers was affected by the long delivery of goods...

The volume of Chinese goods purchased by Russians dropped 7.1% to 323.3 mln items in 2019 mainly due to rising prices, a reduced limit on tax-free imports and long deliveries, according to the Association of Internet Trade Companies (AITC).

"The mood of consumers was affected by the long delivery of goods...

28.05.2020

China's industrial profits down 27.4% in first four months

Profits of China's major industrial firms continued to fall in the first four months of 2020, but the decline was seen to narrow amid efforts to coordinate COVID-19 containment and economic growth, official data showed Wednesday.

Profits of industrial companies with annual revenue of more than 20 million yuan ($2.8 million)...

Profits of China's major industrial firms continued to fall in the first four months of 2020, but the decline was seen to narrow amid efforts to coordinate COVID-19 containment and economic growth, official data showed Wednesday.

Profits of industrial companies with annual revenue of more than 20 million yuan ($2.8 million)...

28.05.2020

Fixed assets investment in China’s transportation sector up in April

China's fixed assets investment in the transportation sector reached 299.9 billion yuan ($41.93 billion) in April, up 18.2 percent year-on-year, the Ministry of Transportation said on Wednesday. The volume of commercial passenger traffic reached 570 million in April, returning to 39.8 percent of the same period last year, an increase...

China's fixed assets investment in the transportation sector reached 299.9 billion yuan ($41.93 billion) in April, up 18.2 percent year-on-year, the Ministry of Transportation said on Wednesday. The volume of commercial passenger traffic reached 570 million in April, returning to 39.8 percent of the same period last year, an increase...


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