Friday, July 10, 2020
Manufacturing activity in China rebounded in May, driven by a jump in output as companies resumed production after the country's COVID-19 lockdown. The Caixin China General Manufacturing Purchasing Managers’ Index (PMI), which gives a snapshot of the country’s manufacturing sector, rose to 50.7 from 49.4 in April. A number above...
COVID-19 vaccine could be ready by year-end, says China government body China's State-owned Assets Supervision and Administration Commission (SASAC) said that a Chinese-made coronavirus vaccine could be ready for market as early as the end of this year,  In trials, more than 2,000 people have received vaccines developed by the...
About 91 per cent of China's small and medium-sized enterprises (SMEs) had resumed operation as of Monday after disruptions caused by Covid-19. Huang Libin, a spokesperson for the Ministry of Industry and Information Technology (MIIT) said some 93 per cent of SMEs in the manufacturing and construction sectors had...
Tmall Global said it will expand its efforts to help international brands reach the China market, aiming to bring 1,000 new ones onto its e-commerce platform in the coming 12 months.The brand-incubation plan, announced through the livestreamed Tmall Global’s Global Partners Summit, is under the auspices of...
Sales in 30 major cities in China triple with coronavirus crisis abating China’s private housing market is springing back to life as more sales offices reopened across the country following a nationwide shutdown, saving home builders from a deeper financial slump this year. Transactions in at least eight large cities,...
China’s Central Bank said the country’s economy will swiftly return to its potential growth rate and there will be significant improvement in the coming three months. People’s Bank of China Deputy Governor Chen Yulu told reporters in Beijing, "Economic indicators will likely show significant improvement in the second quarter...
MGM introduces financial assistance program for local SME vendors MGM China has announced the introduction of new relief measures for local SMEs, including a “Down Payment for Future Business” initiative and “14-day Fast-track Payment”, aimed at assisting those businesses facing financial difficulties due to the impact of coronavirus. The “Down Payment for...
The COVID-19 novel coronavirus is proving to be a far more tenacious adversary than the world first realised. It is highly infectious and widespread quarantine seems to be the only effective method of containing it’s spread. Unfortunately, the consequences of such measures means that consumption has seen a huge...
Analysts have voiced concerns that China’ Japan, and South Korea are at risk of a second wave of disruptions to their supply chains due to the ongoing impact of the COVID-19 coronavirus, which has already caused major slowdowns in global trade and economy. The three Asian nations contribute about...
Most small businesses in China have yet to reopen and are struggling with supply chain obstructions after the new coronavirus epidemic triggered a national shutdown, officials said today. Authorities extended January’s Lunar New Year holiday and ordered the closure of schools, factories and railways to try and halt the...
Airbus is restarting its assembly line in China. General Motors began limited production over the weekend. Toyota followed suit on Monday. Slowly, but surely, and with an air of caution, the workers of China are heading back to the factories and offices to try and reopen for business. Three weeks ago,...
Foreign firms are struggling to resume work in virus-hit China as they face disrupted supply chains, rising inventory and quarantine rules meant to contain the deadly epidemic, the EU chamber of commerce said today. With many pharmaceutical companies globally sourcing from China, pharmacies may also face a shortage of antibiotics...

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