Many countries are releasing GDP data for the first three months of the year — when the coronavirus started to spread globally, but that data may not be as accurate.
The announcement of the new test comes as the U.S. has failed to substantially increase its capacity to test for Covid-19 broadly throughout the population.
New York Gov. Andrew Cuomo is holding his daily press conference on the Covid-19 outbreak, which has infected more than 364,900 people across the state as of Thursday.
A smaller decision-making body under China's National People's Congress, the Standing Committee, will now proceed to work on the specifics of the legislation and implement them in Hong Kong.
The U.S. and China have in recent days clashed over Beijing's plan to introduce a new national security law in Hong Kong. The U.S. criticized China's move for undermining Hong Kong's autonomy, while China accused the U.S. for interfering in its internal affairs.
Orient Capital Research's Andrew Collier tells CNBC why he is "very nervous" about the whole situation surrounding Hong Kong following the proposal of a national security law by China.
Hong Kong's special status with the U.S. now appears to be under threat, as U.S.-China tensions ramped up after Beijing proposed a new security law for the Chinese special administrative region.
U.S. Secretary of State Mike Pompeo told Congress on Wednesday that Hong Kong was no longer autonomous from China, raising questions over the special administrative region's favorable trade relationship with the U.S.
The Chinese yuan could weaken to as low as 7.40 against the dollar as tensions between Beijing and Washington show little sign of abating soon, according to Bannockburn Global Forex's Marc Chandler.
Black Americans continue to make up a disproportionate share of Covid-19 fatalities as the number of deaths from the coronavirus pandemic exceeds 100,000 in the U.S., according to an analysis of data from the CDC.
New York Gov. Andrew Cuomo told Republican lawmakers on Wednesday to "stop abusing" states like New York, New Jersey and California that are in need of federal aid because of Covid-19.
"There is no empirical evidence at this point that these drugs work in this case either for treatment or for prophylaxis," said Mike Ryan, executive director of the WHO's emergencies program.
New York City is in the process of figuring out when and how to reopen restaurants and bars safely with public health measures, Mayor Bill de Blasio said Wednesday.
New York Gov. Andrew Cuomo is holding his daily press conference on the Covid-19 outbreak, which has infected more than 363,800 people across the state as of Wednesday.
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