The numbers of infections and deaths in China are heading down, even as the numbers in other places are heading up, but the key issue now is when the Chinese economy will get back to something close to normal, and clearly it is going to be a slow process. Manufacturing in many parts of the […]
Category: Health Care
Nearly a third of companies operating in China have seen their revenues slashed as the coronavirus outbreak disrupts activity, a survey by the American Chamber of Commerce (AmCham) in China showed on Thursday, reported Reuters. Travel restrictions and stringent quarantine rules implemented since January to minimize contagion risks in China, where the virus has infected nearly […]
China has issued a record number of force majeure certificates in an attempt to exempt local exporters from fulfilling contractual agreements with overseas buyers as the country struggles with the fallout from the coronavirus outbreak, reported the Financial Times. Companies that have already been issued with the legal “exemption” papers include steelworks, electronics companies, carmakers and auto parts […]
Chinese authorities have booted 48, mostly state-owned, enterprises off an official list of companies eligible for special low-cost loans under a government initiative to boost financial help for firms actively engaged in the battle against the coronavirus epidemic out of concern the loans would not be used for their intended purpose, reported Caixin. The 48 companies […]
Google and Microsoft are accelerating efforts to shift production of their new phones, personal computers and other devices from China to Southeast Asia amid the worsening coronavirus outbreak, with factories in Vietnam and Thailand expected to be the beneficiaries, reported Caixin. Google is set to begin production of its latest low-cost smartphone — expected to be […]