The fast-spreading coronavirus will have an impact on global economic growth and the International Monetary Fund is likely to downgrade its growth forecast as result, an IMF spokesman said on Thursday, reported Reuters. IMF Managing Director Kristalina Georgieva flagged the expected downgraded on Saturday during a meeting of finance officials from the world’s 20 largest economies […]
Category: Health Care
Travel restrictions to China because of the coronavirus have come just as Apple’s engineers usually jet off to Asia to perfect the production of this fall’s new iPhones, reported Reuters. High-volume manufacturing is not scheduled until summer, but the first months of the year are when Apple irons out assembly processes with partners such as Hon […]
The Hong Kong government’s decision to go into the red this year – and for the next five – has sparked calls from financial experts for it to come up with a more comprehensive strategy to seek other revenue streams and identify new areas of economic growth, reported the South China Morning Post. Economists in the […]
In the first month of 2020, mobile phone shipments in China nosedived by 38.9% year-on-year to 20.8 million units, according to statistics from the China Academy of Information and Communications Technology (CAICT), a research institute under the Ministry of Industry and Information Technology (MIIT), reported Caixin. The figure comes after the Lunar New Year holiday and amid the Covid-19 outbreak, […]
British businesses in China expect to see their revenue drop significantly this year amid the Covid-19 outbreak, with nearly half predicting revenue will be cut over 10% and more than a quarter expecting it to decrease more than 20%, according to a survey conducted by the British Chambers of Commerce in China, reported Caixin. After surveying […]