Business this week
The coronavirus crisis in China unnerved the country’s stockmarkets. The CSI index fell by 8% in a day, its worst performance since August 2015, before rebounding somewhat. As an emergency measure China’s central bank injected extra liquidity into the financial system, the biggest such one-day intervention since 2004, and cut some interest rates. Macau closed its casinos for two weeks. See article.
This article appeared in the The world this week section of the print edition under the headline “Business this week”