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Global markets in turmoil. Central banks rushing to arrest panic. But in China, the country most affected by the virus outbreak, it’s boom time for traders.To get more china trade finance news, you can visit shine news official website.

A gauge of stocks in Shanghai and Shenzhen has jumped 14% in just over a month to close at a two-year high on Thursday. One exchange-traded fund focused on 5G amassed $2 billion in days as investors clamored to chase a rally in tech shares. Seeking to maximize returns, punters have driven stock leverage and daily turnover past 1 trillion yuan ($142 billion), both near four-year highs. Government bonds have surged too, with the 10-year yield approaching its lowest level since 2002.

It’s a sharp turnaround from just a month ago, when the virus darkened factories across the nation, whole cities were isolated under quarantine and the stock market was hit by the most savage selling in years.

The swift response from the Communist Party to arrest the spread of the deadly disease helped restore confidence as the number of new infections outside of the worst-hit province of Hubei drop. A succession of policy-easing measures ensured liquidity was ample in markets, with a measure of interbank borrowing costs tumbling to its lowest level in almost a decade. Another impetus for the rally: the prospect of massive fiscal stimulus similar to that unleashed in the wake of the global financial crisis.

The result is an explosion of speculative trading by Chinese investors hooked on greed at a time when global equity markets are imploding and fear is rampant — as seen in Wall Street’s session Thursday, when the S&P 500 Index slid 3.4%. Shanghai’s equity benchmark has become this week’s top performing in the world.

Such a disconnect by China’s still largely insulated markets isn’t unusual. A stock bubble in 2015 existed in isolation to the rest of the world before bursting violently, which global peers mostly shrugged off.

“Chinese equities provide a hedge against the recent volatility in global risk assets,” Eugenia Victorino, head of Asia strategy at SEB AB, wrote in a note Thursday. “We continue to believe in the resilience in Chinese equities in the near term.”

She recommends a long position in Chinese equity futures, targeting another 16% rally.

Still, the contrast to the rest of the world is glaring, especially given the potentially devastating impact of the virus to an economy already struggling under a mountain of debt and weakened by the trade war with the U.S. Factory activity contracted by the most on record in February and economists continue to lower their China growth forecasts.

Private enterprise faces a rising debt bill and an increase in defaults is likely this year. Just last week the government took over once-acquisitive HNA Group Co. after the contagion hurt the firm’s ability to meet debt obligations.

Yet, for now, investors have faith in the government to navigate this crisis like it has others in recent decades. China’s army of about 160 million retail traders are a formidable force when momentum starts to take off, as seen by a rush into new mutual stock funds as well as ETFs.

Korean automaker Kia Motors has announced temporarily suspending its manufacturing operations at its facility located in Anantapur of Andhra Pradesh. To get more latest auto news, you can visit shine news official website.

In a statement on Monday, the automaker said, “In view of the unprecedented situation arising out of the spread of Covid-19 and keeping in mind the safety and well-being of all our consumers, employees, workers, partners, and associates pan India, Kia Motors India has decided to suspend all its operations with immediate effect.”

“With this, company’s manufacturing facility in Anantapur (Andhra Pradesh) and company office premises will stop functioning until further notice,” Kia Motors India said.

Kia Motors said all its dealerships remain on call and were available to customers for all their requirements via all digital channels. The automaker has advised its customers to explore its website for more information on leading products Seltos and Carnival and get in touch with it for additional assistance.

Reassuring the customers on the delivery of its products, the company said, “We are also ensuring deliveries are not delayed for eager customers as well as service requirements are also being attended to, without compromising on strong safety precautions.”

Kia Motors India said it will continue to closely monitor the situation and ensure the best interests of everyone associated with its operations in the country. The company said it will remain connected with all concerned authorities and administration and will extend all possible cooperation and assistance, as-and-when required.

The Korean automobile giant said, “Kia Motors stands with India in its efforts to fight against this global pandemic.”

Kia Motors had in April 2017 signed a memorandum of understanding the Andhra Pradesh government to build a new manufacturing facility in Anantapur. It had completed the construction of Kia Motors’ first manufacturing facility in India and commenced the mass production in August last year with an annual production capacity of approximately 300,000 units.

Kia Motors has made a mark in India with its first product – the Seltos establishing itself as a trusted brand with record bookings of 6,046 on the first day of bookings. The Korean automaker currently has a widespread network of 265 customer’s touchpoints in 160 cities across tier-I, II and III cities in India.

Today Auto Finance News, the industry leading publication on auto lending and leasing, has released a new report on the key characteristics auto dealers look for in their lenders.To get more auto finance news, you can visit shine news official website.

The Auto Finance Performance: Dealer Insights Report is based on 6,200 dealer evaluations that get to the heart of what dealers are looking for from their sales reps and credit analysts. Auto finance has long been known as a “relationship business.” At the heart of this “relationship” is the interaction between lender and dealer, a connection set into motion long before a loan application is submitted.

To solidify relationships and keep loan volume flowing, lenders must rely on the efforts of their field forces and credit underwriters – those with whom dealers interface daily. Of the surveyed dealers, product knowledge and willingness to help get deals done are the primary traits of sales reps and credit analysts that influence dealers to switch lenders.

The report provides key quantitative and qualitative analysis of both of these relationships, providing data and information on reps and analysts by institution type, as ranked by franchise or independent dealers as well as scores by geographic region. The report also provides details on the characteristics that sway dealers to send business to one rep or analyst over another, including information on the average time it takes for analysts to return dealers’ calls.

“We are very excited to offer this important new market report,” said Marcie Belles, Senior Editor, Auto Finance News. “This is a critical tool for every auto lending company, providing insights into how they can position their sales and underwriting teams to compete in the current environment.”

Shanghai was once considered a Chinese city especially vulnerable to the new coronavirus, due to its status as a transportation hub and its close economic ties with central China's Hubei Province, epicenter of the deadly outbreak.To get more news about coronoavirus in Shanghai, you can visit shine news official website.

However, the megacity of 30 million people has done better than most at managing the outbreak. As of Feb. 27, it reported 337 infections and three deaths, without a single case of unknown origin.

"Without early preparedness, an outbreak could have been disastrous," said Zhang Wenhong, head of the Shanghai Medical Treatment Expert Team and director of the Infectious Disease Department at prestigious Huashan Hospital, in an online article.

The city's success in preventing new cases from rising exponentially was also attributed to "multipronged measures taken by the government and strong discipline shown by the people," Zhang said in the article.

Nonetheless, Shanghai still faces challenges as migrant workers return and businesses reopen. "According to epidemiological theory, the second peak in an epidemic is often higher than the first," said Hu Bijie, deputy director of the Shanghai Institute of Respiratory Disease Research. "We are hoping for a lower peak but are prepared for a higher one."

Alerted early

On Jan. 3, Zhang Yongzhen, adjunct professor at the Fudan University-affiliated Shanghai Public Health and Clinical Center, a designated center for treating all diagnosed adult COVID-19 patients in Shanghai, received a sample from a patient with a fever of unknown origin and past exposure to a seafood market in Wuhan. It was one of many samples Zhang's team received from Wuhan Central Hospital under a joint program over the past few years.

"It was just routine work. However, we were shocked by the results," a member of Zhang's team told Caixin.

After more than 40 hours of viral genome sequencing, the team found that the sample was 89.11% similar to the virus that causes SARS, or severe acute respiratory syndrome, which is caused by another coronavirus. SARS emerged in late 2002, ravaging China and spreading to dozens of other countries in early 2003.

The virus in the sample had never been seen in humans, the team concluded. Zhang's team immediately shared the findings with doctors in Wuhan. After some discussion, Zhang identified the virus as the pathogen that caused the patient's symptoms and determined it was highly likely to infect humans through the respiratory system.

On Jan. 5, the center reported its findings to Shanghai authorities and China's National Health Commission, the government agency that oversees China's Center for Disease Control and Prevention. In the internal report, they strongly recommended precautions in public places and anti-viral treatment. The report was most likely the first to lay out the entire genome sequence of the virus.

In late December, doctors in Shanghai had heard a "rumor" about a new SARS-like outbreak in Hubei's capital, Wuhan. Instead of dismissing it, doctors in Shanghai closely followed developments in Wuhan and sounded an alarm within Shanghai's hospital system.

"As early as Jan. 5, we believed the disease was contagious," Lu Hongzhou, the center's party secretary, said in an interview with Caixin. By then, Wuhan had already reported 59 confirmed cases but still denied the existence of human-to-human transmission and any infections among medical workers.

In early January, Shanghai started training doctors to ensure they were armed with the right knowledge before the first patient with COVID-19 -- the disease caused by the new coronavirus -- appeared.

"Prior to official recognition of person-to-person transmission [on Jan. 20], we had studied the features of virus-related CT images and advised medical staff to pay extra attention to such cases," Lu said.

On Jan. 12, a woman from Wuhan arrived in Shanghai with symptoms of fever and fatigue. On Jan. 15, she visited a fever clinic in the Changning district. She was isolated immediately and transferred to a negative pressure room at the center. After she tested positive for the coronavirus, Shanghai authorities reported the first confirmed case to the CDC. On Jan. 24, she recovered and was discharged from the hospital.

There are now more than 260,000 confirmed cases - most outside China where the virus originated. Europe is at the centre of the crisis, with cases and deaths rising in several countries.To get more news about coronavius outbreak, you can visit shine news official website.
This series of maps and charts will help you understand what is going on.
1. The virus outbreak is a global pandemic
The rise in the number of daily confirmed cases internationally has led the World Health Organization (WHO) to declare the spread of coronavirus a global pandemic.
This is when an infectious disease is passing easily from person to person in many parts of the world at the same time.More than 80,000 people in China have been diagnosed with the infection since its emergence in the city of Wuhan, Hubei province, in December - although its exact source has not yet been identified.
But there are now more than 215,000 confirmed cases outside China, according to the latest figures from Johns Hopkins University.
The WHO said it took more than three months to reach the first 100,000 confirmed cases worldwide, but only 12 days to reach the next 100,000.While these figures are for confirmed cases, the actual number of people with coronavirus internationally is thought to be much higher - as many of those with mild symptoms have not been tested and counted.
In response to the virus's spread, countries around the world are ramping up measures to try to slow it down.
Governments have halted flights from virus-hit nations, locked down towns and cities and urged people to stay at home.
President Donald Trump has declared a national emergency in the US and announced a travel ban on European countries, including the UK and Ireland, as well as China and Iran.
Travellers from outside the EU are also being turned away from airports and borders after the 27-country bloc imposed a 30-day ban on entry.
Many international conferences and sporting events have also been cancelled or postponed, including Six Nations rugby matches, Euro 2020, the Copa America and this year's meeting of G7 leaders in the US.
2. The virus has killed more people in Italy than China
Italy currently has the most confirmed cases outside China - and on Thursday surpassed China's death toll.
While Italy has about 53,600 confirmed cases compared with China's 81,000, its death toll of 4,825 exceeds China's by several hundred.
The majority of Italy's deaths have occurred in the northern Lombardy region, which contains the city of Milan. Hospitals there are reportedly at breaking point and retired doctors and nurses have been asked to return to work.
A record 793 deaths in 24 hours was announced on Saturday. The recent jump in deaths comes despite Italian authorities imposing stringent restrictions, closing nearly all shops, bars, hairdressers, restaurants and cafes.

North Korea on Saturday welcomed what it said was a letter from U.S. President Donald Trump to North Korean leader Kim Jong Un, saying it was a sign of “the special and very firm personal relations” between the two leaders despite recent frictions.A senior Trump administration official confirmed Trump sent the letter and said it was “consistent with his efforts to engage global leaders during the ongoing pandemic.”To get more world breaking news, you can visit shine news official website.

The president looks forward to continued communications with Chairman Kim, the official said.Since Trump held a third summit with Kim last June and briefly stepped into North Korea from the demilitarized zone with South Korea, no progress has been made on the U.S. president’s bid to get Pyongyang to give up its nuclear and missile programs.

North Korea has attempted a series of missile launches, including the launch of two apparent short-range missiles in the last day or so, as it tries to pressure the United States and its allies to lift economic sanctions.

North Korea state media KCNA said Kim had received a letter from Trump in which the U.S. president said he was impressed by the North Korean leader’s efforts to defend his people from the coronavirus.

Trump “expressed his intent to render cooperation in the anti-epidemic work, saying that he was impressed by the efforts made by the Chairman to defend his people from the serious threat of the epidemic,” KCNA reported in a statement carried by Kim’s sister, Kim Yo Jong. It did not say when the letter was received.

The letter said that despite good personal relations between the leaders, “if impartiality and balance are not provided and unilateral and greedy intention is not taken away, the bilateral relations will continue to aggravate.”

The report came after North Korea’s missile test on Saturday , which prompted South Korea to urge an immediate halt of “inappropriate action” in the face of the global pandemic.In a separate dispatch on Sunday, KCNA said it was a test of a new tactical guided weapon, overseen by Kim Jong Un.

The test “clearly proved the characters of different flight trajectories and falling angles, accuracy of guided shells and their power”, KCNA said.

The Federal Emergency Management Agency will conduct a nationwide test of the Emergency Alert System at 11:20 a.m. MST next Thursday.To get more news about eas system, you can visit estar-eassystem news official website.

FEMA said that the test will assess the readiness of the infrastructure for the distribution of a national message and determine whether improvements are needed.FEMA said that the intent of this year’s tests to evaluate the readiness of the national alerting capability in the absence of internet connectivity.

The test will begin with a broadcast of the national test message from radio stations, called Primary Entry Point stations, that participate with FEMA in the National Public Warning System. Other radio and television broadcasts in each state that monitor PEP stations will receive and broadcast the test message so that within minutes the test message should be conducted by all radio, television, cable, wireline service providers and direct broadcast satellite service providers nationwide.

FEMA said that the audio test message will be similar to regular monthly EAS test messages with which the public is familiar: “This is a test of the National Emergency Alert System. This system was developed by broadcast and cable operates in voluntary cooperation with the Federal Emergency Management Agency, the Federal Communications Commission and local authorities to keep you informed in the event of an emergency. If this had been an actual emergency an official message would have followed the tone alert you heard at the start of this message. No action is required.”

The EAS test on Aug. 7 is the fifth time that the test has been conducted nationwide, according to FEMA. Previous EAS national tests were conducted on November 2011, September 2016 and 2017 and October 2018 in collaboration with the FCC, radio and television stations and emergency management officials.

A later than expected release of a technical update to Emergency Alert System (EAS) hardware used by broadcasters has led the Federal Communications Commission to give stations more time to install the software without running afoul of its rules. Stations were to have had the update installed by Friday, Nov. 8. But the Public Safety and Homeland Security Bureau will give an extra 60 days on the clock, meaning the updates need to be in place by Jan. 7, 2020.To get more news about eas tag, you can visit estar-eassystem news official website.

The software update concerns how EAS equipment validates Common Alerting Protocol (CAP)-formatted alerts which are distributed by the Federal Emergency Management Agency before they are relayed to the public. That validation process requires that a station’s equipment be configured so that any CAP-formatted alert that doesn’t include a valid digital signature is rejected. It does that by looking at the message received and the digital signature created by the certificate included in the alert. The equipment checks to be sure the certificate matches one of the trusted sources stored in the EAS unit. The pressing issue has come into play since FEMA said one of the certificates it has issued for the Integrated Public Alert and Warning System (IPAWS), that has been installed in all EAS devices, is set to expire Nov. 8.

Manufacturers of EAS equipment have been pushing out updates to stations, but there is growing concern over the fact that the replacement certificate wasn’t issued until last week (Oct. 28). “This may not provide sufficient time to update all EAS devices,” the FCC said in a public notice issued Tuesday.

Based on what the Public Safety and Homeland Security Bureau says was the late availability date of the replacement, it now concedes it may leave “insufficient time” for every radio station and other EAS participants to update their emergency alerting equipment. And that will mean some won’t be able to meet their obligation to receive and process CAP-formatted alerts or run the required weekly or monthly tests. Typically that would put a license holder at risk for fines or other sanctions, but in this case the addition 60 days will insulate stations from that risk. The Bureau is also giving stations permission to continue using their EAS equipment even with the outdated information.

Even as some EAS decoders will impact EAS readiness, the good news is that the FCC says over-the-air President-level national EAS messages initiated by Primary Entry Point or “PEP” stations are not affected by the situation. Alerts initiated by state and local emergency management offices and other non-IPAWS sources are also not impacted. And the FCC says Wireless Emergency Alerts are also unaffected by this situation.

Wednesday there will be a nationwide test of the Emergency Alert System sent to radio and television stations through FEMA. Local authorities also recommend checking your Code Red registration on your cell phone.To get more news about security tag, you can visit estar-eassystem news official website.

Federal Emergency Management Agency (FEMA) is conducting a nationwide test Wednesday, August 7, where a test message will be sent to radio and television stations beginning at 11:20 a.m. The test will not include the wireless Emergency Alert System (EAS), which sends alerts to cell phones. This is solely a test of alerting on radio and television.

Wednesday's test will essentially mimick how an alert would come across your T.V. or radio during an emergency such as a wildfire. The goal is to evaluate the readiness of the national alerting capability in the absence of internet connectivity.
Law enforcement agencies, such as the Shasta County Sheriff's Office, encourage citizens to visit their website or any of the local law enforcement websites and click on the CodeRED link to register or update your cell phone numbers and email addresses, in addition to the EAS test.

A reminder, the Code Red registration is in addition to precautionary steps. You will not get an emergency notification to your cell phone Wednesday. Authorities ask to not call 9-1-1 or law enforcement agencies as this could have a negative impact on first responders handling in-progress calls.

The nationwide test will be approximately one minute long, with only a minor interruption of radio and television programs, and similar to regular monthly EAS local tests. Both the audio message and text crawl should be accessible to people with disabilities.

FEMA, in coordination with the FCC, will conduct a nationwide test of the Emergency Alert System (EAS) today at 2:20 p.m.To get more news about eas system, you can visit estar-eassystem news official website.

The test will assess the operational readiness of the infrastructure for the distribution of a national message and determine whether improvements are needed.

This is the fifth EAS nationwide test. Previous EAS national tests were conducted in November 2011, September 2016 and 2017, and October 2018, in collaboration with the FCC, radio and televisions stations, and emergency management officials.

The intent of this year’s test is to evaluate the readiness of the national alerting capability in the absence of internet connectivity. The 2019 test will begin with a broadcast of the national test message from radio stations, called Primary Entry Point or PEP stations, that participate with FEMA in the National Public Warning System, a component of the IPAWS. Other radio and television broadcast and cable stations in each state that monitor PEP stations will receive and broadcast the test message so that within minutes the test message should be presented by all radio and television, cable, wireline service providers and direct broadcast satellite service providers nationwide.

The EAS is a national public warning system that provides the President with the communications capability to address the nation during a national emergency. The test is made available to EAS participants (i.e., radio and television broadcasters, cable systems, satellite radio and television providers, and wireline video providers) and is scheduled to last approximately one minute.

The audio test message will be similar to regular monthly EAS test messages with which the public is familiar: “THIS IS A TEST of the National Emergency Alert System. This system was developed by broadcast and cable operators in voluntary cooperation with the Federal Emergency Management Agency, the Federal Communications Commission, and local authorities to keep you informed in the event of an emergency. If this had been an actual emergency an official message would have followed the tone alert you heard at the start of this message. No action is required.” The text displayed at the top or center of television screens will read: “A Primary Entry Point system has issued a National Periodic Test for all of the United States beginning at 2:20 PM and ending at 2:50 PM.

Significant coordination has been conducted with EAS participants and emergency managers in preparation for this test. The test is intended to ensure public safety officials have the methods and systems that will deliver urgent alerts and warnings to the public in times of an emergency or disaster.
In the event of a national emergency, a national warning message would be issued at the direction of the President or his/her designee and activated by FEMA.

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