[CNBC Television] New data shows the impact of coronavirus on China’s economy

🎯 Загружено автоматически через бота: 🚫 Оригинал видео: 📺 Данное видео принадлежит каналу «CNBC Television» (@CNBCtelevision). Оно представлено в нашем сообществе исключительно в информационных, научных, образовательных или культурных целях. Наше сообщество не утверждает никаких прав на данное видео. Пожалуйста, поддержите автора, посетив его оригинальный канал. ✉️ Если у вас есть претензии к авторским правам на данное видео, пожалуйста, свяжитесь с нами по почте support@, и мы немедленно удалим его. 📃 Оригинальное описание: As U.S. legislators consider various proposals to help bolster the U.S. economy, new data from China presents a troubling economic picture, showing that China’s first-quarter GDP growth plunged about 11 percent. Leland Miller, CEO of China Beige Book International, joins “Squawk Box“ to discuss. In face of the new coronavirus’ shock to global financial markets, China aims to be a stabilizing force — beginning with its own markets. Amid calls from global leaders for more international cooperation, it’s still unclear to what extent it’s possible at this point. And when it comes to China, there are pressing domestic issues that authorities need to consider, such as high debt levels, need for foreign capital and slowing economic growth. The world’s second-largest economy was the first to grapple with what’s officially called COVID-19 after it emerged in Wuhan in late December. The disease has spread to well over 100 countries and killed more than 11,100 people worldwide. As new cases in China dwindle and authorities strive to get businesses up and running again, some emphasize that at this stage, what the country can offer to global markets is its own experience. That indicates both the limits of what China can do on a global level, and how its first-mover status in a highly uncertain pandemic may offer a blueprint for the rest of the world. “While it’s true the crisis isn’t over for China, (there are) lessons that can be learned from China,” Helge Berger, China mission chief and assistant director in the Asia and Pacific department at the International Monetary Fund, said in a phone interview Friday. “They also demonstrate that it’s important policymakers have to be ready for what is an unavoidable slowdown in growth. ... The economic fallout from the virus is going to be severe,” Berger said. “This is meaningful and requires our attention.” For more coronavirus live updates: For access to live and exclusive video from CNBC subscribe to CNBC PRO: » Subscribe to CNBC TV: » Subscribe to CNBC: » Subscribe to CNBC Classic: Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. Connect with CNBC News Online Get the latest news: Follow CNBC on LinkedIn: Follow CNBC News on Facebook: Follow CNBC News on Twitter: Follow CNBC News on Instagram: #CNBC #CNBC TV