Analysts have repeatedly underestimated the economic impacts of the growing Wuhan coronavirus pandemic. The latest data from China show that economic activity in January and February collapsed due to lockdowns and weak consumer demand. China’s economic doom could be an omen for the rest of the world. The stock market’s pain is likely just beginning.…
A Chinese doctor in Wuhan, the coronavirus whistleblower, has died from the illness he risked his reputation to warn others about. The Chinese government reportedly accused Dr. Li Wenliang of spreading rumors. Officials rebuked him for “severely disturbing the social order.” Now we know he was right about the seriousness of the disease. But Chinese…
Yang Zuoxing, CEO at MicroBT, is under investigation by the local police. The investigation is allegedly related to a dispute over Bitmain’s intellectual property rights. Yang nor MircroBT have released an official statement. A former Bitmain employee, Yang Zuoxing, is under investigation by the local police in China. The case appears to be related to…
World’s second-largest maker of bitcoin miners not intimidated by the China-US trade war. Canaan Creative has failed to list in Hong Kong and mainland China. Most recent half-year results registered a loss. A threat by President Donald Trump’s administration to delist Chinese stocks on the likes of the New York Stock Exchange and the NASDAQ…
