Chinese smartphone maker Xiaomi became the first among its peers to host an online-only flagship product launch this week in a move that is likely to become commonplace in the country’s tech sector amid the ongoing coronavirus crisis, reported the South China Morning Post. Xiaomi founder Lei Jun, originally from Hubei province where he attended university […]
Category: Health Care
China’s central bank cut the interest rate on its medium term loans on Monday as policymakers try to reduce the economic shock from a coronavirus outbreak that is severely disrupting business activity, reported Reuters. The People’s Bank of China (PBOC) said it was lowering the rate on RMB 200 billion ($28.65 billion) worth of one-year medium-term […]
New home prices in China rose 0.2% in January from a month earlier, easing from a 0.3% increase in December, as the coronavirus outbreak brought the country’s property market to a halt, reported Reuters. On an annual basis, average new home prices in China’s 70 major cities rose 6.3% in January, below the 6.6% growth seen […]
A second batch of Gilead Sciences Inc.’s experimental antiviral drug remdesivir has arrived in Wuhan, where it will be tested on patients infected with the Covid-19 coronavirus that has killed more than 1,500 people, reported Caixin. The drug was transported from the US to China by FedEx to be distributed to hospitals in Wuhan, the epicenter […]
It’s been a long hiatus, the longest lunar new year break ever, and there is no sign of a clear end to it. The coronavirus, which now has a formal name that will almost certainly be tossed aside in favor of “Wuhan,” has created a situation that makes prediction next to impossible. Before it started, […]