U.S. Dollar Hits Eight-Week High After Fed Rate Hike 
U.S. 10-Year Treasury Yield Hits 2007 High as Fed Rate Hike Bets Rise 
Vietnam, US Trade Deal Could Be Signed Soon, To Lam Says 
Dollar Hits Two-Month High as Fed Rate Hike Bets Rise 
Oil Prices Surge as U.S.-Iran Diplomacy Hopes Fade 
US, China Extend Trade Truce to Jan. 10 Ahead of Trump-Xi Summit 
Best Gold Stocks to Buy Now: AABB, GOLD, GDX 
China’s ‘Lipstick King’ Says AI Won’t Replace Livestream Hosts 
Gold Prices Rise as Oil Slide Eases Fed Rate Hike Fears 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Add as a preferred source on Google
China’s manufacturing PMI for February is expected to reach an historic low of 38.8. The impact of the virus outbreak will see PMI drop further than the previous low in Q4 2008, according to the latest report from ANZ Research.
However, the biggest risk facing the economy is the breakdown of the liquidity chain. We estimate a shortfall of CNY2.6 trillion in cash flow in the corporate sector.
The virus outbreak has caused lack of cash revenue given the demand shock; mismatch of accounts receivable and payable; and insufficient cash to service loan and interest payments.
If the authorities cannot address the cash flow issue effectively, the outcome for bad loans, defaults, bankruptcy, and employment will be severe, the report added.
