News Snapshot:
Bloomberg “The trajectory of Wuhan’s economy and the rest of China show the post-virus recovery will be rapid albeit on a two-track path,†said Wen Bin, a researcher at China Minsheng Banking Corp in Beijing. “Small outbreaks of new infections will likely continue to take place during the recovery, but it probably won’t impact broad economic momentum.†Recent torrential rain in Wuhan has also made it harder for consumption to recover, Wen said. The downpours and resulting floods in southern China have affected more than 30 million people and caused 61.8 billion yuan ($8.8 billion) in economic losses, China Central...