Thursday, June 4, 2020
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...
E-commerce giant Alibaba has announced assistance for merchants affected by the 2019-nCoV coronavirus outbreak in China. The assistance takes the form of offering waivers or reductions of service fees, providing financial assistance, as well as other special assistance in six major areas: Reducing operational cost on Alibaba's platforms Taobao and...
China’s President Xi Jinping is enlisting the financial sector in a war against a virus outbreak that has killed more than 500, mobilising lenders, brokerages and fund managers to pump resources into stricken parts of the economy. Answering Beijing’s call, banks are rushing to offer virus-fighting loans at ultra-low rates,...
While racing to control the outbreak of the novel coronavirus, China is moving fast to help vulnerable sectors and impacted small firms pull through. Supportive policies for enterprises and employment should be well implemented while enhanced efforts will be made to keep major sectors of the economy stable, the...

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