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The Baltic Dry index, a measure of the trade in bulk commodities, has been touching historic lows. China, which in 2014 overtook the US as the biggest trading nation, this month reported double-digit falls in both exports and imports in January. In Brazil, which is experiencing its worst recession in more than a century, imports from China have collapsed.
Songs (Ping An, Xu Yina and Apusasa)
DiCaprio received a pat on the back from producer Harvey Weinstein and a standing ovation from the crowd as he collected the award for best actor in a drama for The Revenant.
Best chances: It's always hard to bet against Streep getting a best actress nomination, and Hanks is overdue for an acting nomination after missing out in recent years.