Twin surveys by foreign business groups reveal the impact of China’s virus outbreak on British and American companies operating in the country, which complain of revenue losses, disrupted staffing and added compliance costs, reported Caixin. More than half of 126 British companies surveyed by the Beijing-based British Chamber of Commerce in China said the outbreak had […]
Category: Health Care
The coronavirus outbreak could trim China’s full-year economic growth rate by as much as 1 percentage point in 2020, a senior member of a Chinese government think tank said in comments published on Tuesday, reported Reuters. Zeng Gang, vice chair of the National Institute for Finance and Development, compared the current crisis with the SARS epidemic […]
China’s consumer inflation rose to its highest level in more than eight years in January as hundreds of millions of Chinese struggled to cope with a deadly coronavirus outbreak that has raised anxiety levels and pushed up the prices of many household goods, reported the Wall Street Journal. China’s consumer-price index climbed 5.4% in January from […]
Copper traders in China, the world’s largest buyer of the metal, have asked miners from Chile to Nigeria to cancel or delay shipments as the deadly coronavirus outbreak hits demand, reported the Financial Times. Multiple Chinese copper buyers said they had scrapped or postponed overseas orders by declaring force majeure since the end of January, when […]
China’s factory-gate prices snapped six months of year-on-year declines in January, although prolonged business closures from the coronavirus outbreak mean positive momentum is unlikely to persist, reported Reuters. The virus has added to price pressures with consumer inflation hitting a more than 7-year high as government restrictions on movement drove residents to stock up on […]