China’s top legislature said it will immediately ban the trade and consumption of wild animals, in a fast-track decision it says will allow the country to win the battle against the coronavirus outbreak, reported Reuters. The announcement, made late on Monday comes after an initial suspension of the trade and consumption of wildlife in January. […]
Category: Health Care
Two of China’s largest power distributors will cut electricity rates for most of their business customers by an average of 5%, in Beijing’s latest move to assist manufacturers struggling under restrictions and other limitations aimed at controlling the Covid-19 outbreak, reported Caixin. The new cuts are effective from Feb. 1 and will run through June […]
Retail sales of passenger cars in China crumbled 92% on an annual basis in the first 16 days of February, according to China Passenger Car Association (CPCA), as the coronavirus outbreak slammed the brakes on businesses across the country, reported Reuters. China’s passenger vehicle sales recorded 4,909 units in the first 16 days, down from […]
With much of China’s economy still idled as authorities try to contain an epidemic that has infected more than 75,000 people, millions of companies across the country are in a race against the clock to stay afloat, reported Bloomberg. A survey of small- and medium-sized Chinese companies conducted this month showed that a third of respondents only […]
Another week has gone by and the virus numbers are down, but there is a growing sense that there will be no clear-cut end to the crisis. And that creates a huge problem in terms of kick-starting the Chinese economy. At what point does someone declare the all-clear? And who is it that declares it? What […]