China will modify the environmental supervision of companies to help the resumption of production disrupted by the coronavirus epidemic, giving firms more time to rectify environmental problems, but stressed it was not relaxing standards, reported Reuters. China has said it will exempt some firms from on-site environmental checks if they are involved in the production of […]
Category: Health Care
China busiest coal railway saw freight volume drop for a fourth consecutive month in February, as the novel coronavirus outbreak pushed down coal output, and market demand remained weak, reported Caixin. The 653-kilometer (405-mile) Daqin railway, which starts in Datong in the coal-rich province of Shanxi, and snakes through four regions until it reaches the Hebei […]
Looser rules on private share sales in China have prompted a flood of issuance, as cash-strapped companies try to fortify their balance sheets against hits from the coronavirus outbreak, reported the Financial Times. More than 100 listed companies have raised RMB 209 billion ($30 billion) through private placements since February 14, when domestic regulators relaxed restrictions, […]
The manufacturing sector might have ramped up production after a gap of more than a month, but major shopping districts in Shanghai, China’s commercial and financial capital, remain deserted, with consumers delaying the purchases of daily necessities as well as big-ticket items, reported the South China Morning Post. As of early this month, only a third […]
Apple sold fewer than half a million iPhones in China in February, government data showed on Monday, as the coronavirus outbreak halved demand for smartphones, reported Reuters. In total, mobile phone brands sold a total of 6.34 million devices in February in China, down 54.7% from 14 million in the same month last year, data from […]