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US Federal Reserve will soon release the minutes for October‘s monetary
policy meeting, which had directly led to the Fed’s third rate cut in
the year- an action much in line with the market‘s general expectations.
On the other hand, the Fed has removed “taking appropriate action to
maintain economic expansion” from the interest rate statement. The
expression has been in the interest rate statement since June, paving
the way for the Fed’s rate cuts. Given that the US economy has rallied
more than the market had expected, this change of wording suggests that
the threshold for a further rate cut is very high.To get more news about
WikiFX, you can visit WikiFX news official website.
On November 13th (EST), the US Federal Reserve Chair Powell once again emphasized his optimism about the US economy. He said, “sustained expansion of economic activity, a strong labor market, and inflation near our symmetric 2% objective as most likely.” At the same time, Powell also admitted that uncertainties in the trade sector continue to plague US corporate confidence and business investment, while foreign economic slowdown can also hinder US growth. Policymakers will closely observe all types of economic data to see whether they remain in line with market expectation.
In addition, the Fed is not worried about inflation. Although Powell still believes that the inflation rate is close to the 2% target set by the Fed, it is clear that the historical model of the relationship between price and the weak job market no longer prevail. The Fed used to consider a 5% unemployment rate was almost full employment, but now economists must admit that the US economy can operate at a much lower unemployment rate.
Besides the Federal decision of interest rate cut announced at the end of October, several key indicators are being released in the US recently: The core CPI rose 0.2%, in line with expectations; PPI rose 0.4%, higher than the expected 0.3%... a series of breakthroughs in important economic data indicate the US economy is rallying, and Fed officials are generally optimistic about the countrys economic situation. Survey data showed that the market estimates a 96% probability for the Fed to hold interest rate unchanged, the remaining 4% implied odds are for 25 basis points.
With the release of the Fed‘s meeting minutes at the corner, what’s your view about the monetary policy in the future？ Stay tuned as WikiFX presents you more forex dynamics and market trend analysis that add to your investment success.
On November 13th (EST), the US Federal Reserve Chair Powell once again emphasized his optimism about the US economy. He said, “sustained expansion of economic activity, a strong labor market, and inflation near our symmetric 2% objective as most likely.” At the same time, Powell also admitted that uncertainties in the trade sector continue to plague US corporate confidence and business investment, while foreign economic slowdown can also hinder US growth. Policymakers will closely observe all types of economic data to see whether they remain in line with market expectation.
In addition, the Fed is not worried about inflation. Although Powell still believes that the inflation rate is close to the 2% target set by the Fed, it is clear that the historical model of the relationship between price and the weak job market no longer prevail. The Fed used to consider a 5% unemployment rate was almost full employment, but now economists must admit that the US economy can operate at a much lower unemployment rate.
Besides the Federal decision of interest rate cut announced at the end of October, several key indicators are being released in the US recently: The core CPI rose 0.2%, in line with expectations; PPI rose 0.4%, higher than the expected 0.3%... a series of breakthroughs in important economic data indicate the US economy is rallying, and Fed officials are generally optimistic about the countrys economic situation. Survey data showed that the market estimates a 96% probability for the Fed to hold interest rate unchanged, the remaining 4% implied odds are for 25 basis points.
With the release of the Fed‘s meeting minutes at the corner, what’s your view about the monetary policy in the future？ Stay tuned as WikiFX presents you more forex dynamics and market trend analysis that add to your investment success.
Step right up, lottery lovers. The game’s exciting nature seems to get
more accessible and thrilling every year! We’re addicted to it. And who
can blame us? Each time you buy a ticket, you’re filled with the hope of
what if… Somebody must win. They always do. And why not you?Get more
news about 菲律宾彩票包网平台,you can vist loto98.com
But you may be wondering about online lottery tickets in the USA. There’s so much on the web these days. What’s legit, and what’s not?
Can I buy lottery tickets online? And is it legal to buy US lottery tickets online? If you’re curious about either of these topics, stick around. It can get confusing with different state regulations, but we hope to make it a bit simpler for you today.
So, can you play the lottery online? Most states still do require that you purchase your lotto tickets in person at an authorized retailer. But there are a few states moving into the online realms of sales. And interest is still growing. So, you may see more opportunities to play online in the near future!
Can Lottery Tickets Be Purchased Online Safely?
Can I play the lottery online safely? The United States government goes to great lengths to ensure online tickets and information are protected. Billions of dollars are spent on lottery tickets every year in this country. It’s important that all tickets are valid.
Online sales, as well as retailer sales, are heavily regulated. The potential for fraudulent tickets is extraordinary, so precautions are taken.
Because hackers and scam artists could take advantage of the online system, many states prohibit the sales of online lottery tickets. And even if it’s not illegal, there are many restrictions in place.
Is It Legal to Buy Lottery Tickets Online Through a Proxy?
With some states like California and Texas, you can turn to an online service. Essentially, you’re paying someone else to get your ticket. But risks are included in the deal.
You’ll find that some states don’t accept winning tickets when they’re purchased in this manner. Always double-check online rules. When in doubt, buy your own lottery tickets at a retail counter.
Is it Legal to Sell Lottery Tickets Online?
Only authorized retailers may do so. And they must do so within a state that approves of online lotto sales. Otherwise, it’s a federal crime to sell or resell lottery tickets online.
But you may be wondering about online lottery tickets in the USA. There’s so much on the web these days. What’s legit, and what’s not?
Can I buy lottery tickets online? And is it legal to buy US lottery tickets online? If you’re curious about either of these topics, stick around. It can get confusing with different state regulations, but we hope to make it a bit simpler for you today.
So, can you play the lottery online? Most states still do require that you purchase your lotto tickets in person at an authorized retailer. But there are a few states moving into the online realms of sales. And interest is still growing. So, you may see more opportunities to play online in the near future!
Can Lottery Tickets Be Purchased Online Safely?
Can I play the lottery online safely? The United States government goes to great lengths to ensure online tickets and information are protected. Billions of dollars are spent on lottery tickets every year in this country. It’s important that all tickets are valid.
Online sales, as well as retailer sales, are heavily regulated. The potential for fraudulent tickets is extraordinary, so precautions are taken.
Because hackers and scam artists could take advantage of the online system, many states prohibit the sales of online lottery tickets. And even if it’s not illegal, there are many restrictions in place.
Is It Legal to Buy Lottery Tickets Online Through a Proxy?
With some states like California and Texas, you can turn to an online service. Essentially, you’re paying someone else to get your ticket. But risks are included in the deal.
You’ll find that some states don’t accept winning tickets when they’re purchased in this manner. Always double-check online rules. When in doubt, buy your own lottery tickets at a retail counter.
Is it Legal to Sell Lottery Tickets Online?
Only authorized retailers may do so. And they must do so within a state that approves of online lotto sales. Otherwise, it’s a federal crime to sell or resell lottery tickets online.
Even an order from Chief Medical Officer Dr. Janice Fitzgerald can’t
stop people’s thirst for lottery tickets.Get more news about 彩票包网平台,you can vist loto98.com
The province prohibited the sale of scratch and break open tickets in stores as of March 30 in an effort to limit the spread of the COVID-19 virus, but since the pandemic began, online lottery sales at alc.ca have increased by roughly five times, according to Atlantic Lottery Corporation CEO Chris Keevill.
Keevill said despite that “quite striking” jump online, overall sales have still decreased 10 per cent.
“The Atlantic Lottery business has seen a drop, but not nearly as far as many of the other lotteries across Canada. So, we’ve seen a dip, but not as deep a dip. And one of the reasons, probably the primary reason for that, is Atlantic Lottery has quite a robust digital platform,” said Keevill.
“It’s a more developed e-commerce platform for buying your 6/49 or Lotto Max ticket, check your winning numbers, or play a number of digital instant games that are available for play on alc.ca. So, because of that, we’ve seen a big jump in the sign-up for customers on alc.ca, and we’ve seen a big lift in our online sales. So, that has made up for a lot of the dip in the traditional retail space.”At alc.ca, people can create an account and buy tickets through a subscription. All of the major draw games are available on the website, as well as digital instant games which are comparable to scratch tickets except in digital form.
Keevill said the digital transformation of the gaming business for Atlantic Lottery has been in the works for roughly five years, but the pandemic has accelerated it “with everyone at home, and having the opportunity to sign up online,” he explained.
“Atlantic Lottery’s a bit fortunate because before my time, the people that came before me had the foresight to build quite a robust e-commerce platform in the business, and we lead the country in that regard, in fact.
“And so that’s what’s allowed us to keep more of our business during the pandemic when compared to the lotteries in other parts of the country who have seen much greater declines because they weren’t able to make it up on the digital side.”
He said the growth in online sales during the pandemic has given Atlantic Lottery encouragement and confidence to invest more assertively in its digital games.
The 10 per cent slump, however, means less money coming back to the provincial coffers.
Atlantic Lottery brings in hefty amounts for the Atlantic provincial government shareholders. For example, according to alc.ca, in 2018-2019 Atlantic Lottery returned $422.2 million to provincial governments.
The breakdown by province was $138.6 million for Nova Scotia, $130 million for New Brunswick, $135.4 million for Newfoundland and Labrador, and $18.3 million for Prince Edward Island.
“There’s no doubt there’s going to be, in the short term, less to offer back to the province,” said Keevill.
“But we are encouraged that the players are migrating to this new (online) platform, and we certainly have every intention to get back on track to provide the funds that are important to the province.”
Newfoundland and Labrador had the only government-mandated suspension of lottery sales in Atlantic Canada, but some retailers made the decision to discontinue lottery sales anyway, such as Sobeys and Loblaw. However, within the last week, many such retailers have reopened their lottery sales.
The province prohibited the sale of scratch and break open tickets in stores as of March 30 in an effort to limit the spread of the COVID-19 virus, but since the pandemic began, online lottery sales at alc.ca have increased by roughly five times, according to Atlantic Lottery Corporation CEO Chris Keevill.
Keevill said despite that “quite striking” jump online, overall sales have still decreased 10 per cent.
“The Atlantic Lottery business has seen a drop, but not nearly as far as many of the other lotteries across Canada. So, we’ve seen a dip, but not as deep a dip. And one of the reasons, probably the primary reason for that, is Atlantic Lottery has quite a robust digital platform,” said Keevill.
“It’s a more developed e-commerce platform for buying your 6/49 or Lotto Max ticket, check your winning numbers, or play a number of digital instant games that are available for play on alc.ca. So, because of that, we’ve seen a big jump in the sign-up for customers on alc.ca, and we’ve seen a big lift in our online sales. So, that has made up for a lot of the dip in the traditional retail space.”At alc.ca, people can create an account and buy tickets through a subscription. All of the major draw games are available on the website, as well as digital instant games which are comparable to scratch tickets except in digital form.
Keevill said the digital transformation of the gaming business for Atlantic Lottery has been in the works for roughly five years, but the pandemic has accelerated it “with everyone at home, and having the opportunity to sign up online,” he explained.
“Atlantic Lottery’s a bit fortunate because before my time, the people that came before me had the foresight to build quite a robust e-commerce platform in the business, and we lead the country in that regard, in fact.
“And so that’s what’s allowed us to keep more of our business during the pandemic when compared to the lotteries in other parts of the country who have seen much greater declines because they weren’t able to make it up on the digital side.”
He said the growth in online sales during the pandemic has given Atlantic Lottery encouragement and confidence to invest more assertively in its digital games.
The 10 per cent slump, however, means less money coming back to the provincial coffers.
Atlantic Lottery brings in hefty amounts for the Atlantic provincial government shareholders. For example, according to alc.ca, in 2018-2019 Atlantic Lottery returned $422.2 million to provincial governments.
The breakdown by province was $138.6 million for Nova Scotia, $130 million for New Brunswick, $135.4 million for Newfoundland and Labrador, and $18.3 million for Prince Edward Island.
“There’s no doubt there’s going to be, in the short term, less to offer back to the province,” said Keevill.
“But we are encouraged that the players are migrating to this new (online) platform, and we certainly have every intention to get back on track to provide the funds that are important to the province.”
Newfoundland and Labrador had the only government-mandated suspension of lottery sales in Atlantic Canada, but some retailers made the decision to discontinue lottery sales anyway, such as Sobeys and Loblaw. However, within the last week, many such retailers have reopened their lottery sales.
Wuhan reported its first cluster of coronavirus infections since a
lockdown on the city, the epicentre of the outbreak in China, was lifted
a month ago, stoking concerns of a wider resurgence.To get more news
about coronavirus wuhan, you can visit shine news official website.
The five new confirmed cases, all from the same residential compound, come amid efforts to ease restrictions across China as businesses restart and individuals get back to work.New confirmed cases reported in China since April have been low compared with the thousands every day in February, thanks to a nationwide regime of screening, testing and quarantine.
And Beijing said on Friday that cinemas, museums and other venues would gradually be reopened, though restrictions including mandatory reservations and a limit on numbers of visitors would be in place.
Meanwhile, some Shanghai night spots are open again and Walt Disney Co reopened its Shanghai Disneyland park to a reduced number of visitors.All of the latest cases in Wuhan were previously classified as asymptomatic, people who test positive for the virus and are capable of infecting others but do not show clinical signs.
Hundreds of asymptomatic cases in Wuhan, which was released on April 8 from a months-long lockdown, are being monitored.
On average, the city has conducted about 47,000 nucleic acid tests each day since the lockdown was lifted, Reuters calculations based on reports by Wuhan's health authority show.
China does not include asymptomatic cases in its overall tally of confirmed cases, now at 82,918, until they exhibit signs of infection. Mainland China has reported 4,633 deaths.
Wuhan plans to conduct nucleic acid testing over a period of 10 days, an internal document seen by Reuters showed and two sources familiar with the situation said, with every district told to submit a detailed testing plan by Tuesday.
Older and densely populated residential compounds and those with a concentration of migrant populations should be the focus of the testing, the document also showed.New outbreaks in China in the past two months have mainly developed in residential compounds or hospitals, while the number of asymptomatic cases is not known, as these only appear on the radar when they show up positive during tests.
As Wuhan reported new cases, Mi Feng, spokesman for China's National Health Commission, said new infections over the past 14 days in seven provinces were being traced while cases involving clusters "were continuing to increase".
The health authority called for stronger protocols at laboratories handling samples of coronavirus strains and human nucleic acid tests as well as in transporting them.
"We need to investigate and determine the origin of the infections and transmission routes," Mi told a media briefing.
China's northeastern province of Jilin, which on Saturday reported a cluster of infections in Shulan, reported three additional cases. Shulan has been marked a high-risk area, the only place in China now with that designation.
"We're now in a 'war-time' mode," said Jin Hua, the mayor of Shulan, which until the weekend had reported no local cases for more than 70 days.
Shulan has imposed a lockdown on its 600,000 residents since the weekend, with just one member of a household being allowed out each day to buy necessities.
One of the three cases confirmed in Jilin province on May 10 was from Shulan. The other two were uncovered through contact tracing of people who were in contact with earlier Shulan cases.
Nearby Liaoning and Heilongjiang provinces each reported one case, fuelling worries of a regional resurgence.A 70-year-old in Heilongjiang's capital Harbin had tested negative seven times before results showed as positive.
Of the new cases, seven were in the northern region of Inner Mongolia and involved travellers from abroad.Across China, the number of new asymptomatic coronavirus cases fell to 12 on May 10, compared with 20 a day earlier.
The five new confirmed cases, all from the same residential compound, come amid efforts to ease restrictions across China as businesses restart and individuals get back to work.New confirmed cases reported in China since April have been low compared with the thousands every day in February, thanks to a nationwide regime of screening, testing and quarantine.
And Beijing said on Friday that cinemas, museums and other venues would gradually be reopened, though restrictions including mandatory reservations and a limit on numbers of visitors would be in place.
Meanwhile, some Shanghai night spots are open again and Walt Disney Co reopened its Shanghai Disneyland park to a reduced number of visitors.All of the latest cases in Wuhan were previously classified as asymptomatic, people who test positive for the virus and are capable of infecting others but do not show clinical signs.
Hundreds of asymptomatic cases in Wuhan, which was released on April 8 from a months-long lockdown, are being monitored.
On average, the city has conducted about 47,000 nucleic acid tests each day since the lockdown was lifted, Reuters calculations based on reports by Wuhan's health authority show.
China does not include asymptomatic cases in its overall tally of confirmed cases, now at 82,918, until they exhibit signs of infection. Mainland China has reported 4,633 deaths.
Wuhan plans to conduct nucleic acid testing over a period of 10 days, an internal document seen by Reuters showed and two sources familiar with the situation said, with every district told to submit a detailed testing plan by Tuesday.
Older and densely populated residential compounds and those with a concentration of migrant populations should be the focus of the testing, the document also showed.New outbreaks in China in the past two months have mainly developed in residential compounds or hospitals, while the number of asymptomatic cases is not known, as these only appear on the radar when they show up positive during tests.
As Wuhan reported new cases, Mi Feng, spokesman for China's National Health Commission, said new infections over the past 14 days in seven provinces were being traced while cases involving clusters "were continuing to increase".
The health authority called for stronger protocols at laboratories handling samples of coronavirus strains and human nucleic acid tests as well as in transporting them.
"We need to investigate and determine the origin of the infections and transmission routes," Mi told a media briefing.
China's northeastern province of Jilin, which on Saturday reported a cluster of infections in Shulan, reported three additional cases. Shulan has been marked a high-risk area, the only place in China now with that designation.
"We're now in a 'war-time' mode," said Jin Hua, the mayor of Shulan, which until the weekend had reported no local cases for more than 70 days.
Shulan has imposed a lockdown on its 600,000 residents since the weekend, with just one member of a household being allowed out each day to buy necessities.
One of the three cases confirmed in Jilin province on May 10 was from Shulan. The other two were uncovered through contact tracing of people who were in contact with earlier Shulan cases.
Nearby Liaoning and Heilongjiang provinces each reported one case, fuelling worries of a regional resurgence.A 70-year-old in Heilongjiang's capital Harbin had tested negative seven times before results showed as positive.
Of the new cases, seven were in the northern region of Inner Mongolia and involved travellers from abroad.Across China, the number of new asymptomatic coronavirus cases fell to 12 on May 10, compared with 20 a day earlier.
The Chinese financial capital, Shanghai, has officially been back at
work since Feb. 10, after a near economic shutdown due to the COVID-19
virus pandemic. Not everything, however, is 100% back to normal.To get
more news about coronavirus shanghai, you can visit shine news official website.
Cars, bicycles, pedestrians and traffic jams have returned to Shanghai’s streets. My morning commute is not as lonely these days. During off-peak hours, there are now more than just a handful of people riding on the bus. It has been that way for the past couple of weeks.
On one commute, an elderly man across the aisle from me played a TV series on his smart tablet at full volume.Still, there are reminders that the coronavirus continues to pose a threat. On every commute, all the windows are open. The stiff April wind blasts through the bus. Good ventilation is part of the central government’s measures to prevent the spread of the coronavirus.
I have been sitting in icy buses, offices and restaurants all through the wet and chilly Shanghai winter.Face masks are still required before entering malls and office blocks or getting on public transport. However, virus prevention measures, such as fever checks at entrances, have gone from about half a dozen a day to sometimes none.
On a public square in the suburb of Baoshan district, retired men and women dance to pulsing techno music playing from a portable loudspeaker. This is how a lot of elderly people, who live in tiny apartments, get their daily exercise.Restaurants still in business have full patios on sunny weekends, although weekdays are still tough.
During lunch at a Thai restaurant, a server refills my water cup without asking. Shanghai’s service has always been among the best in China, but lately, restaurant staff seem to be extra attentive.
After the meal, a server at the Thai restaurant said if the food was good, I should leave a review on the Dianping app, which is similar to Yelp. In exchange, he said he would give me a free dessert.
He did not check if I had posted a review before setting down the coconut sago pudding in front of me.Businesses have the added pressure of being punished if they do not screen for coronavirus carriers.
Some depend on a city health app that assigns residents a color QR code: green, yellow or red.
Mine is green, which essentially means I’m coronavirus-free and can move about as I like.
The app states that it uses government data to assess our health, but it doesn’t specify which data exactly.
At a shopping mall in the trendy Xintiandi district, I show my green QR code before the security guard will take my temperature. Once he is sure I don’t have a fever, I am allowed in.The Shanghai subway system has a separate QR code on each train, where I scan to input my contact details. Registration is voluntary, for now.
In theory, Chinese people who are not sick and are comfortable handing over a lot of personal information can travel freely around China.
That is not true for all foreigners. Some African residents have complained that they have been forced into quarantine despite testing negative for the coronavirus.“During our fight against the coronavirus, the Chinese government has been attaching great important to the life and health of foreign nationals in China. All foreigners are treated equally,” Chinese foreign ministry spokesperson Zhao Lijian said in mid-April. “China and Africa are good friends, partners and brothers. … We will never discriminate our African brothers.”
However, Chinese state-run media has honed in on the fact that new coronavirus cases are mostly imported, even though a lot of those cases include Chinese nationals returning from abroad. Now that the pandemic is becoming worse abroad, foreigners, no matter where they are from, have reported being turned away from restaurants, shops and hotels.
Before I leave Shanghai, I need to answer these questions: Will my destination city allow me in? Will a hotel there accept foreigners? Will I be allowed back into Shanghai without being quarantined?
Cars, bicycles, pedestrians and traffic jams have returned to Shanghai’s streets. My morning commute is not as lonely these days. During off-peak hours, there are now more than just a handful of people riding on the bus. It has been that way for the past couple of weeks.
On one commute, an elderly man across the aisle from me played a TV series on his smart tablet at full volume.Still, there are reminders that the coronavirus continues to pose a threat. On every commute, all the windows are open. The stiff April wind blasts through the bus. Good ventilation is part of the central government’s measures to prevent the spread of the coronavirus.
I have been sitting in icy buses, offices and restaurants all through the wet and chilly Shanghai winter.Face masks are still required before entering malls and office blocks or getting on public transport. However, virus prevention measures, such as fever checks at entrances, have gone from about half a dozen a day to sometimes none.
On a public square in the suburb of Baoshan district, retired men and women dance to pulsing techno music playing from a portable loudspeaker. This is how a lot of elderly people, who live in tiny apartments, get their daily exercise.Restaurants still in business have full patios on sunny weekends, although weekdays are still tough.
During lunch at a Thai restaurant, a server refills my water cup without asking. Shanghai’s service has always been among the best in China, but lately, restaurant staff seem to be extra attentive.
After the meal, a server at the Thai restaurant said if the food was good, I should leave a review on the Dianping app, which is similar to Yelp. In exchange, he said he would give me a free dessert.
He did not check if I had posted a review before setting down the coconut sago pudding in front of me.Businesses have the added pressure of being punished if they do not screen for coronavirus carriers.
Some depend on a city health app that assigns residents a color QR code: green, yellow or red.
Mine is green, which essentially means I’m coronavirus-free and can move about as I like.
The app states that it uses government data to assess our health, but it doesn’t specify which data exactly.
At a shopping mall in the trendy Xintiandi district, I show my green QR code before the security guard will take my temperature. Once he is sure I don’t have a fever, I am allowed in.The Shanghai subway system has a separate QR code on each train, where I scan to input my contact details. Registration is voluntary, for now.
In theory, Chinese people who are not sick and are comfortable handing over a lot of personal information can travel freely around China.
That is not true for all foreigners. Some African residents have complained that they have been forced into quarantine despite testing negative for the coronavirus.“During our fight against the coronavirus, the Chinese government has been attaching great important to the life and health of foreign nationals in China. All foreigners are treated equally,” Chinese foreign ministry spokesperson Zhao Lijian said in mid-April. “China and Africa are good friends, partners and brothers. … We will never discriminate our African brothers.”
However, Chinese state-run media has honed in on the fact that new coronavirus cases are mostly imported, even though a lot of those cases include Chinese nationals returning from abroad. Now that the pandemic is becoming worse abroad, foreigners, no matter where they are from, have reported being turned away from restaurants, shops and hotels.
Before I leave Shanghai, I need to answer these questions: Will my destination city allow me in? Will a hotel there accept foreigners? Will I be allowed back into Shanghai without being quarantined?
The COVID-19 outbreak has severely weakened China’s first quarter
economic performance. Domestically, the outcome of the government’s
policy efforts remains unclear, as the government aims to strike a
balance between two, often contradicting, objectives. To get more latest china economy news, you can visit shine news official website.
It hopes to effectively contain the spread of the outbreak and prevent a possible second wave, while also trying to encourage business resumption and sustain economic activities.
Externally, the extent of the COVID-19 outbreak also remains uncertain as the spread continues to unfold. Its likely devastating impact on the world economy will hurt China’s economy significantly, through lower demand for Chinese products and by disrupting global supply chains, which China’s economy is deeply embedded in and heavily dependent upon.
However, if the Chinese government pursues its promised reforms, the economy could see a quick return to growth.
First Quarter Crippled by the One Month Near-Standstill
In retrospect, the Chinese government’s stringent measures were effective in slowing the spread of the virus. The number of daily new confirmed cases outside Hubei Province started to decline in February and in Hubei shortly after. However, consumer consumption during China’s Lunar New Year holiday was largely gone, due to the fear of contracting the disease and the many restrictive measures imposed.
Although the official holidays ended on Feb. 10, business resumption did not take place until early March and has since been slow and partial, meaning that businesses reopened without much production or transaction activities.
This is due to several factors, including logistic bottlenecks to ensure input for production, shortages in workers due to transportation and other restrictions and difficulties in obtaining required supplies to satisfy government anti-epidemic requirements for reopening business. In policy research issued in late March, we projected a 10% decrease in China’s first quarter economy, compared to that of 2019.Early economic policies focused on ensuring logistics for emergency supplies. This was followed by measures to manage social and economic issues, including labor, taxation and business financing. Since February, the government has turned its attention to restarting the economy. Financial authorities announced various measures to meet firms’ financing needs, and other policies were issued to facilitate business operations and reduce costs. These include measures to ensure smooth and affordable transportation, value-added tax reduction, relaxation in land use policy, reducing the cost of utilities and reduction and exemption of insurance premium payments by firms.
Support is also provided by some local governments, such as financial assistance for firms to buy masks and other supplies for business resumption, transportation for returning migrant workers and subsidizing firms’ rent payments.
It hopes to effectively contain the spread of the outbreak and prevent a possible second wave, while also trying to encourage business resumption and sustain economic activities.
Externally, the extent of the COVID-19 outbreak also remains uncertain as the spread continues to unfold. Its likely devastating impact on the world economy will hurt China’s economy significantly, through lower demand for Chinese products and by disrupting global supply chains, which China’s economy is deeply embedded in and heavily dependent upon.
However, if the Chinese government pursues its promised reforms, the economy could see a quick return to growth.
First Quarter Crippled by the One Month Near-Standstill
In retrospect, the Chinese government’s stringent measures were effective in slowing the spread of the virus. The number of daily new confirmed cases outside Hubei Province started to decline in February and in Hubei shortly after. However, consumer consumption during China’s Lunar New Year holiday was largely gone, due to the fear of contracting the disease and the many restrictive measures imposed.
Although the official holidays ended on Feb. 10, business resumption did not take place until early March and has since been slow and partial, meaning that businesses reopened without much production or transaction activities.
This is due to several factors, including logistic bottlenecks to ensure input for production, shortages in workers due to transportation and other restrictions and difficulties in obtaining required supplies to satisfy government anti-epidemic requirements for reopening business. In policy research issued in late March, we projected a 10% decrease in China’s first quarter economy, compared to that of 2019.Early economic policies focused on ensuring logistics for emergency supplies. This was followed by measures to manage social and economic issues, including labor, taxation and business financing. Since February, the government has turned its attention to restarting the economy. Financial authorities announced various measures to meet firms’ financing needs, and other policies were issued to facilitate business operations and reduce costs. These include measures to ensure smooth and affordable transportation, value-added tax reduction, relaxation in land use policy, reducing the cost of utilities and reduction and exemption of insurance premium payments by firms.
Support is also provided by some local governments, such as financial assistance for firms to buy masks and other supplies for business resumption, transportation for returning migrant workers and subsidizing firms’ rent payments.
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02可靠：作為行業領導，我們為客戶提供更多保障。我們比任何人都做得更多更好，以滿足我們客戶的需求。
03簡便：我們提供簡單的交易平台，讓每個人都可以成為交易員。 GooBit 兼容現行所有電腦平台：網頁、Windows、MacOS、iPhone、iPad 和 Android。
04速度：我們使用尖端科技，提供最快速的交易，用戶界面的操作亦不會延遲或中斷。
Multiplatform
Our trading platform is available on all devices
保安標準
由 Visa 和萬事達卡驗證
所有數據均以最強密碼算法進行加密
報價準確
Real-time market data provided by leading analytical agencies
10М+
GooBit 註冊帳戶
2017
開始提供服務
10M+
每月執行交易
成立于2017年GooBit 是一家国际的数字货币交易所，，注册在塞舌尔群岛
安全標準
由 Visa 和萬事達卡驗證
所有數據均以最強密碼算法進行加密
報價準確
Real-time market data provided by leading analytical agencies
10М+
GooBit 註冊帳戶
2017
開始提供服務
10M+
每月執行交易
關於
GooBit 旨在為客戶創造 100% 透明的數碼交易體驗。
我們提供方便易用的交易平台，並致力教育我們的客戶。
我們公司吸引成功且獲利豐厚的交易員，他們交易量大，能夠為客戶賺取利潤，是我們的榮幸。
我們的價值
01客戶：提供最好的客戶服務是我們的宗旨。有超過 50 名客戶經理專門服務客戶，滿足客戶的需求
02可靠：作為行業領導，我們為客戶提供更多保障。我們比任何人都做得更多更好，以滿足我們客戶的需求。
03簡便：我們提供簡單的交易平台，讓每個人都可以成為交易員。 GooBit 兼容現行所有電腦平台：網頁、Windows、MacOS、iPhone、iPad 和 Android。
04速度：我們使用尖端科技，提供最快速的交易，用戶界面的操作亦不會延遲或中斷。
Multiplatform
Our trading platform is available on all devices
安全標準
由 Visa 和萬事達卡驗證
所有數據均以最強密碼算法進行加密
報價準確
Real-time market data provided by leading analytical agencies
10М+
GooBit 註冊帳戶
2017
開始提供服務
10M+
每月執行交易
關於
GooBit 旨在為客戶創造 100% 透明的數碼交易體驗。
我們提供方便易用的交易平台，並致力教育我們的客戶。
我們公司吸引成功且獲利豐厚的交易員，他們交易量大，能夠為客戶賺取利潤，是我們的榮幸。
我們的價值
01客戶：提供最好的客戶服務是我們的宗旨。有超過 50 名客戶經理專門服務客戶，滿足客戶的需求
02可靠：作為行業領導，我們為客戶提供更多保障。我們比任何人都做得更多更好，以滿足我們客戶的需求。
03簡便：我們提供簡單的交易平台，讓每個人都可以成為交易員。 GooBit 兼容現行所有電腦平台：網頁、Windows、MacOS、iPhone、iPad 和 Android。
04速度：我們使用尖端科技，提供最快速的交易，用戶界面的操作亦不會延遲或中斷。
Multiplatform
Our trading platform is available on all devices
Recently, many countries have implemented the policy of home
quarantine. “Working from home” and “online investment” have become the
best choices for most people. However, during this period of time,
online financial scams have also become rampant. In the forex market,
quite a number of illegal brokers use the internet to post false
advertisements, inflict unjustified trading losses on investors and
delay withdrawals. These problems happen so frequently that complaints
from victims of the scams never stop.To get more news about OlympusFx, you can visit WikiFX news official website.
Recently, WikiFX exposure channel received complaints from Asia
investors against OlympusFx, the main problems being unjustified losses
and withdrawal failures. A withdrawal of one of the investors has been
postponed for nearly 2 years! The humble investor told WikiFX that due
to the lack of practical experience in the forex market, he deposited
1,000 US dollars at OlympusFx, a platform recommended by his
acquaintance. But, after real-account trading he found that the trading
environment was terrible, and the spread was ridiculously high. In the
end, he almost lost all his money.
Platforms like OlympusFx have
robbed tens of thousands of grassroots-investors. Now, OlympusFx is
still cheating more people under the excuse that they have “left Chinese
market and thus unable to process the withdrawals”. Once again, WikiFX
reminds you to stay away from this broker and be alert! For investors
who have been defrauded, please keep the evidences and contact WikiFX to
get assistance in defending your right!
Per investigation, we found that the score of OlympusFx is only 1.22
on WikiFX APP. The broker is an offshore-broker registered in Saint
Vincent and the Grenadines, currently without valid regulation and
bearing great risks.
Up to now, WikiFX APP has included more than 17,000 global forex brokers, while integrating forum, exposure, inquiry, news feed and other functions to ensure the safety of your funds 24/7. Click here to download our APP.
Last year, illegal broker PTFX ran away after blowing up all the
accounts of its users, leaving the entire FX market astonished. The
number of victims reached 2 millions very shortly, and many of them
became homeless and debt ridden just overnight. Although PTFX has
crashed, its former staff are still out there relentlessly defrauding
investors under the name of other companies. With PTFX under
investigation, Huang ZhiMing, the NO. 1 scammer of PTFX, has been
exposed to the public.To get more news about Malaysia Dato, you can visit WikiFX news official website.
We learned that while working for PTFX, Huang also signed contracts with several forex companies, including Leighton Futures and JCI. He claimed to have received the title of "Malaysia Dato" while calling himself the “Asia’s No.1 trader”. According to Huang, investors can get 100% profits guaranteed in trading under his help, with a 1% minimum weekly dividend and even greater return proportional to the deposit.
But were his claims real？ Or were they simply tales he used to scam gullible investors across Southeast Asia？
Not long ago, WikiFX revealed that Leighton Futures was a lame Ponzi scheme that has been blocking withdrawals for a long time. The forex investment project launched by the broker was suspected to be a pyramid scheme, and Huang Zhiming was the trader who ran this project. Interestingly, not long after Leighton Futures collapsed, JCI, another forex company which signed contract with Huang Zhiming, also had a large number of customer complaints for much-delayed withdrawals and pyramid schemes. Currently, some victims of JCI have called the police!
Per checking WikiFX, we found that the illegal broker JCI, rated at only 1.06 on WikiFX App, is without any valid regulation and involves pyramid scheme. In addition, the broker doesn’t use MT4/MT5 software and has been in business for less than 1 year, bearing tremendous risks.
We may conclude from the above information that although with different names, Leighton Futures and JCI, together with PTFX, have been defrauding investors with similar tricks. This suggests that PTFX as well as scammers like Huang may still be lurking around, so investors should definitely watch out for them.
So far, WikiFX App has included profiles of more than 17,000 forex brokers around the world, while integrating broker information query, exposure, news feed and other functions, offering better protections for your assets.
We learned that while working for PTFX, Huang also signed contracts with several forex companies, including Leighton Futures and JCI. He claimed to have received the title of "Malaysia Dato" while calling himself the “Asia’s No.1 trader”. According to Huang, investors can get 100% profits guaranteed in trading under his help, with a 1% minimum weekly dividend and even greater return proportional to the deposit.
But were his claims real？ Or were they simply tales he used to scam gullible investors across Southeast Asia？
Not long ago, WikiFX revealed that Leighton Futures was a lame Ponzi scheme that has been blocking withdrawals for a long time. The forex investment project launched by the broker was suspected to be a pyramid scheme, and Huang Zhiming was the trader who ran this project. Interestingly, not long after Leighton Futures collapsed, JCI, another forex company which signed contract with Huang Zhiming, also had a large number of customer complaints for much-delayed withdrawals and pyramid schemes. Currently, some victims of JCI have called the police!
Per checking WikiFX, we found that the illegal broker JCI, rated at only 1.06 on WikiFX App, is without any valid regulation and involves pyramid scheme. In addition, the broker doesn’t use MT4/MT5 software and has been in business for less than 1 year, bearing tremendous risks.
We may conclude from the above information that although with different names, Leighton Futures and JCI, together with PTFX, have been defrauding investors with similar tricks. This suggests that PTFX as well as scammers like Huang may still be lurking around, so investors should definitely watch out for them.
So far, WikiFX App has included profiles of more than 17,000 forex brokers around the world, while integrating broker information query, exposure, news feed and other functions, offering better protections for your assets.