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Global luxury brands lament 'chilly' business amid virus outbreak

China is the world's top consumption market for luxury products and contributes over half of global sales, so when its demand drops, the impact on global production chain is immense. ...
Source: Global Times | 2020/2/25 22:18:40

Chinese airlines restart overseas flights

More Chinese airlines are in the process of resuming international flights, as China has pressed the restart button on business operations, but trade and travel in and out of China ...
Source: Global Times | 2020/2/25 21:23:42

Face mask makers prepare to export to Japan, South Korea

Some Chinese face mask producers are ready to export face masks to Japan and South Korea, as the ferocious coronavirus outbreak neared an inflection point in China but seemingly surged ...
Source: Global Times | 2020/2/25 21:13:40

More than 80% of petrochemical SMEs restart business: poll

Over 80 percent of small and medium-sized enterprises (SMEs) have resumed business among 211 SMEs in the petrochemical-related sector in 22 provincial-level regions as of Sunday.
Source: Global Times | 2020/2/25 20:04:40

Sinopec builds production lines of a core material of face masks

Chinese oil giant China Petroleum & Chemical Corporation (Sinopec) will build 10 production lines of melt-blown fabric, which is the basic material to make mask, necessary protection to prevent ...
Source: Global Times | 2020/2/25 19:38:40

Phone shipments to drop over 10% in 2020 if virus turns a pandemic

Global smartphone shipments are likely to fall 10 percent or more this year due to the fallout of the coronavirus outbreak on industrial supply chains and inhibited consumer demand, an ...
Source: Global Times | 2020/2/25 19:28:18

SF Express reports 40% rise in business volume during coronavirus outbreak

SF Express, a delivery service company based in Shenzhen, South China's Guangdong Province, saw its business volume go up more than 40 percent in January during the coronavirus outbreak, despite ...
Source: Global Times | 2020/2/25 19:21:30

TVS sees 10% drop in Feb production as epidemic hits parts supply

Indian scooter manufacturer TVS Motor Co said on Monday that it expects a 10 percent drop in February production as the supply of components used in vehicles is being hit ...
Source: Global Times - Reuters | 2020/2/25 19:08:41

Virus hits India's drug industry

India's pharmaceutical industry, one of the world's major producers, may suffer a hit from the novel coronavirus epidemic in China including price hikes and a drug supply shortage, according to ...
Source: Global Times | 2020/2/25 18:58:40

Australia's iron ore exports battered by epidemic: experts

Resources giants in Australia may take a hard hit from the outbreak of COVID-19 in the short run, experts cautioned on Monday, with some Australian companies warning that they will ...
Source: Global Times | 2020/2/24 21:33:40

Virus impact on China's exhibition industry beyond expectations: insiders

A total of seven exhibitions in China had been canceled and 281 postponed as of Sunday following the outbreak of COVID19, which industry insiders said deals a blow that is ...
Source: Global Times | 2020/2/24 21:08:41

Bike-sharing industry gears up amid coronavirus outbreak

Several bike sharing platforms reported rising demand during the past few weeks amid the outbreak of novel coronavirus pneumonia (COVID-19). Analysts say the industry will be among the first to ...
Source: Global Times | 2020/2/24 22:58:40

Coronavirus takes toll on Chilean cherry exports to China market

The coronavirus has battered Chilean fruit exports to China. Industry insiders predict the coronavirus outbreak could cause $100 million in losses to Chile's fruit exports, as cut-off logistics will dent ...
Source: Global Times | 2020/2/24 19:38:42

China's Q1 car sales to drop 60% due to factory closures

Despite the gradual restart of businesses in China due to the COVID-19 epidemic, slackened buying power and sharply reduced production capacity mean the auto industry's recovery is set to be ...
Source: Global Times | 2020/2/24 18:28:41

IATA says Chinese flight market to see losses of over $10 billion

The International Air Transport Association (IATA) has predicted that China's domestic flight market could see losses of $12.8 billion, impacted by COVID-19, and the Asia-Pacific region could see a $27.8 ...
Source: Global Times | 2020/2/24 18:16:54

Impressive adaption amid epidemic unveils automaker Wuling's secret of success

It took just three days for an automaker to convert part of its production line to the manufacturing of face masks and send out its first shipment. And it took ...
Source: Global Times | 2020/2/24 17:43:40

China regulator pushes 5G network contruction amid virus outbreak

China's Ministry of Industry and Information Technology (MIIT) has urged major telecom operators to timely assess the impacts of the coronavirus outbreak and quicken construction on the 5G network.
Source: Xinhua | 2020/2/24 13:56:31

China's energy supply sufficient: regulator

Energy supplies including coal and oil were largely sufficient in China as a majority of mines and refineries resumed operation, the National Development and Reform Commission (NDRC) said Sunday.
Source: Xinhua | 2020/2/24 8:07:33