Japanese manufacturer Komatsu reports a nearly 30% decline in use of its construction equipment in China last month, another sign that Chinese industry is slow to recover from the novel coronavirus outbreak, reported Caixin. Average monthly operating time per unit sank to 32 hours in February, down from 44.9 hours a year earlier, data from the […]
Category: Health Care
China’s new bank loans are expected to fall in February from a record in January, but the drop was likely due to seasonal factors as policymakers step up support for the economy jolted by the coronavirus outbreak, a Reuters poll showed. Chinese banks are estimated to have issued RMB 1.10 trillion ($158.73 billion) in net new RMB […]
China’s consumer inflation remained high in February amid the coronavirus outbreak, with official price figures also confirming the difficulties faced by manufacturers, reported the South China Morning Post. The consumer price index (CPI) rose 5.2% from a year earlier, down from a 5.4% gain in January, data from the National Bureau of Statistics (NBS) showed. The producer price […]
Automakers across the world face the possibility of extended supply chain disruptions as factories in China stutter back to life after closures due to the coronavirus outbreak. The car industry is especially exposed as Wuhan – the epicenter of the outbreak – is known as one of China’s ‘Detroits’, accounting for nearly 10% of vehicles […]
One of the world’s biggest shipping companies, CMA CGM, has said shipments from China are returning to normal, even as investors bet against the French group’s solvency, reported the Financial Times. Rodolphe Saadé, chief executive of Marseille-based CMA CGM, told the Financial Times: “The warehouses are empty in Europe, they need to order from China […]