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Pandemic to hit US families harder

The coronavirus pandemic will hit US families in a much harsher way than Chinese households, although many Chinese families will also encounter financial difficulties as a result of the knock-on effects, such as slashed personal income, analysts say.
Source: Global Times | 2020/3/30 20:43:40

Getting more liquid

Chinese officials ring the bell for the official debut of liquefied petroleum gas (LPG) futures and futures contracts at the Dalian Commodity Exchange in Dalian, Northeast China's Liaoning Province, on Monday. The futures are the first type of gas energy contracts launched in China's futures market. Photo: CNSphoto
Source: Global Times | 2020/3/30 20:28:40

Shipping ventures are facing heavy coronavirus perils

Maersk, the world's leading container shipping company, on Monday confirmed five crew members aboard the Gjertrud Maersk container ship have tested positive for the novel coronavirus, casting shadows over the possible impact on China's shipping industry amid the growing pandemic.
Source: Global Times | 2020/3/30 19:48:40

Hubei airports seeing a rebound in passengers

Airports in Central China's Hubei Province, the worst hit by the COVID-19 pandemic, resumed business as of Sunday, but the task of improving load factors remains a challenge ahead for air carriers.
Source: Global Times | 2020/3/30 19:18:40

Yuan to stay basically stable against the dollar despite export pressure in Q2

The yuan is expected to remain at 6.8-7.2 per US dollar during the second quarter this year as economic activity picks up, despite the pressure of the coronavirus pandemic on China's exports, analysts told the Global Times on Monday.
Source: Global Times | 2020/3/30 19:13:40

March PMI seen at 40-45 points: Chinese analysts

The manufacturing purchasing managers' index (PMI), a closely watched gauge of China's factory activity, is likely to come in at 40 to 45 points in March because of a plunge in export orders, analysts predicted.
Source: Global Times | 2020/3/30 18:58:40

Concerns linger for virus-plagued businesses in China

Nationwide efforts to restart the coronavirus-battered Chinese economy seem to have proceeded by fits and starts amid an explosion in confirmed cases in Europe and the US, with authorities and industry insiders voicing concerns over the plight of life services providers, exporters as well as small and micro businesses.
Source: Global Times | 2020/3/30 17:43:40

China's ventilator firms gain 20,000-plus overseas orders

Chinese firms making invasive ventilator have received more than 20,000 orders from abroad and more are expected to follow. More than 1,700 ventilators have been delivered.
Source: Global Times | 2020/3/30 17:33:40

China cuts reverse repo rate by 20 basis points to facilitate lending

China's central bank on Monday pumped liquidity into the market through seven-day reverse repos while cutting the interest rate by 20 basis points to lower lending costs and offset the economic shock of the novel coronavirus disease (COVID-19) outbreak.
Source: Xinhua | 2020/3/30 15:12:18

BBQ and bathhouses - normal life returns to China

BBQ skewer sales in three of China's northeastern provinces surged over 300 percent, hitting the six million mark, and public bathhouse visits in Jilin Province jumped 60-fold over the past week, according to data from online payment platform Alipay.
Source: | 2020/3/30 4:44:21

China's air cargo transport on full-throttle flight

China's effective coronavirus containment has set the stage for the nation's air cargo capacity to rebound to pre-virus levels, as officials are encouraging its airlines to up the ante in all-cargo freighters.
Source: Global Times | 2020/3/29 19:53:40

HK retail sales may see sharp decline due to pandemic: official

Hong Kong's retail sales figure for March is expected to show a continued sharp decline, and the economy of the Hong Kong Special Administrative Region (HKSAR) will maintain weak in the coming months, HKSAR Financial Secretary Paul Chan Mo-Po said in his blog on Sunday.
Source: Global Times | 2020/3/29 19:38:40

Wuhan's manufacturing back on track as industrial powerhouse lifts lockdown

Wuhan – the industrial city in Central China's Hubei Province where the coronavirus first emerged in the country – is restarting commercial and production activities following a two-month lockdown. The sprawling city is likely to revive its pillar manufacturing industry soon although it faces labor shortages.
Source: Global Times | 2020/3/29 19:08:40

Pandemic dents foreign orders for Christmas goods in China

This Christmas could look very different with a subdued festive atmosphere as the coronavirus pandemic has stopped foreign customers from placing orders from China's Yiwu, the world's largest Christmas goods manufacturing base.
Source: Global Times | 2020/3/29 17:43:40

Chinese private companies make, export PPEs

Many export oriented private companies in East China's Zhejiang Province have started to manufacture face masks and other personal protection equipment to export to other countries and help fight the spreading coronavirus there.
Source: Global Times | 2020/3/29 17:23:40

China may expand grain exports as world faces shortages: analyst

China may expand exports of grains like paddy rice over the coming months to meet global demand, an analyst said, as the UN warned of global food shortages.
Source: Global Times | 2020/3/29 17:03:40

World Bank loans 300 mln USD to fund green agriculture in Henan province

The World Bank's Board of Executive Directors has approved a loan of the equivalent of 300 million US dollars to the Henan Green Agriculture Fund (GAF) Project to foster green agriculture investments in the province.
Source: Xinhua | 2020/3/28 17:03:55

China most likely to increase deficits to over 3% in 2020: experts

China will most likely raise its fiscal deficits to over 3 percent of its GDP, breaking a technical "red line," experts said on Saturday, as the country for the first time mentioned increasing its fiscal deficits as a way to ward off the negative economic impact of the COVID-19 amid rising calls from economists.
Source: Global Times | 2020/3/28 16:38:40