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China's February PMI hits lowest in history due to coronavirus outbreak

The manufacturing purchasing managers' index (PMI), a closely watched gauge of China's manufacturing activity, registered lowest in history in February due to the impact of the coronavirus outbreak on the country's businesses and production; however, analysts predict the figure to rebound considerably in March.
Source: Global Times | 2020/2/29 11:24:39

K-pop sensation BTS' label picks JPMorgan, others for IPO: media

Big Hit Entertainment, the music label of South Korean boy band BTS, has chosen JPMorgan, NH Investment and Securities and others to handle its initial public offering (IPO), according to media reports.
Source: Reuters | 2020/2/29 10:03:40

NBS cautions COVID-19 as China on track to building all-round well-off society

China has further narrowed its gap with the world's high-income countries in 2019, with its per capita GDP exceeding the $10,000 mark, although weak links still exist and the COVID-19 outbreak adds pressure in the country's efforts to build all-round well-off society by 2020, the National Bureau of Statistics (NBS) announced on Friday.
Source: Global Times | 2020/2/28 12:39:31

China-US phase one deal on track amid COVID-19 concerns: expert

China and the US have begun the phase one trade agreement as scheduled amid concerns over the deal's implementation and impact of the coronavirus epidemic, along with escalating tensions between the two countries in political and other areas, said a Chinese trade expert on Thursday.
Source: | 2020/2/28 6:52:37

China's Feb CPI may reach 6% stressed by COVID-19: analyst

China's consumer price index (CPI) is likely to elevate in February, and may hover above 6 percent, mainly pushed by the COVID-19 outbreak, Chinese analysts say, while stressing that a surge in the CPI does not necessarily mean inflation.
Source: Global Times | 2020/2/27 18:37:05

10% of US firms see daily losses of $71,210 in China business: Survey

Fallout from the deadly COVID-19 is weighing on operations of some US companies in China, with about 10 percent seeing daily losses of 500,000 yuan ($71,210), according to a report released by a US business group on Thursday.
Source: Global Times | 2020/2/27 13:28:26

Small, micro businesses call for government policy supports

Following a flurry of steps announced by the Chinese government to help micro and small-sized enterprises withstand blows caused by the coronavirus, it is equally important to make sure the favorable policies will be channeled to the affected businesses, analysts said.
Source: Global Times | 2020/2/27 19:44:39

Tourism to contribute 1-1.5 percentage points less to China's GDP this year: experts

The contribution of the once high-flying tourism sector to China's GDP may drop by 1 to 1.5 percentage points in 2020, as the outbreak of the coronavirus has pummeled the industry.
Source: Global Times | 2020/2/27 19:18:33

China's face mask industry prepares to export to US

China is the only country that can alleviate a severe mask shortage in the US, experts said on Thursday in response to a top US health official's statement that the US needs 300 million face masks to prevent a possible coronavirus outbreak.
Source: Global Times | 2020/2/27 18:08:40

5G rollout in China unfazed by novel coronavirus attack

Chinese telecom operators and internet companies are ramping up efforts to explore new opportunities for 5G promotion, and their efforts will push forward the country's 5G commercialization despite stress caused by COVID-19 empidemic.
Source: Global Times | 2020/2/27 13:23:40

China's manufacturing sector faces contraction

Activity in China's factory sector is expected to contract in February due to the fallout of the coronavirus outbreak on the world's factory, according to market observers.
Source: Global Times | 2020/2/26 23:04:50

China's trade with SK, Japan faces decline

Logistics enterprises at major ports in China foresee significant declines in export throughput this month due to weak domestic production and transport limits set by foreign countries. Further, surging confirmed cases of COVID-19 in South Korea and Japan may make the situation worse, leading to severe global supply chain disruptions, trade experts warned.
Source: Global Times | 2020/2/26 21:42:30

Consumption spree remains elusive despite receding threats from virus: experts

With health risks from the coronavirus outbreak ebbing in China, many provincial authorities have downgraded their emergency response levels, but this does not indicate the country's consumption has recovered accordingly, Chinese experts told the Global Times on Wednesday.
Source: Global Times | 2020/2/26 21:38:40

Banks in Beijing asked to disinfect dirty cash

The Beijing Bureau of the China Banking and Insurance Regulatory Commission issued a decree on Wednesday for all financial institutions in the city, asking them to disinfecting dirty cash and storing them in a dry environment for more than seven days before the cash will be re-used.
Source: Global Times | 2020/2/26 19:29:18

90% of smaller enterprises face serious cash crush: association

The majority of the small and medium-sized enterprises (SMEs) in China are at their most critical moment because of the novel coronavirus assault, as 90 percent of them will face challenges to survive a three-month manufacturing suspension.
Source: Global Times | 2020/2/26 18:43:57

Hong Kong to spend heavily to rejuvenate a shrinking economy

The Hong Kong Special Administrative Region (HKSAR) on Wednesday announced a wide range of measures to tackle economic difficulties the region faces by reaching deeper to its fiscal reserve.
Source: Global Times | 2020/2/26 18:13:41

S.Korea-invested firms in China kicking off business operation

As South Korea reported over 1,000 novel coronavirus infections now, worries arose in China that South Koreans stranded in their home country may impede operations of South Korean-invested firms in China.
Source: Global Times | 2020/2/26 17:19:19

Laos sees increasing income from rice export to China

Laos has earned more from the sale of rice to China in the past few years due to trade preference arrangements between the two countries.
Source: Xinhua | 2020/2/26 14:27:51