China Economy, Coronavirus

China Economy, Coronavirus

How fast can China's economy bounce back from coronavirus lockdown?

How fast can China's economy bounce back from coronavirus lockdown?

18.2.2020

How fast can China's economy bounce back from coronavirus lockdown?

BEIJING (BLOOMBERG) - The biggest question for the global economy right now is how quickly China can get back to anything like normal operations while it's battling the coronavirus outbreak that has killed almost 1,900 people and sickened tens of thousands.. Read more at straitstimes.com.

Human Movement About the same number of trips by planes, trains, automobiles and boats was taken in the run up to the Lunar New Year this year compared to last year, but the fall off since the first day of the Year of the Rat on Jan 25 has been stark. On average, there's only about 20 per cent as many trips being taken each day, meaning millions of people still haven't traveled back to work. And with long-distance buses only allowed to operate at 50 per cent capacity to reduce the risks of viral transmission, that backlog will take a long time to clear.

A survey of 109 American manufacturing companies in and around Shanghai showed that although almost 70 per cent were operating last week and more than 90 per cent expected to be back by this week, 78 per cent of firms said they didn't have sufficient staff to run a full production line.

Even if people do want to spend, many shops are shut, and online and offline retailers are facing logistical problems to supply customers. That situation may continue until the virus is contained, people are back at work and getting paid, and they feel confident to spend again.



Read more: The Straits Times

Not very soon the fastest

China clamps down on coronavirus rumours, Beijing doctors warned over ‘misleading the public’Three state-backed doctor associations in Beijing published a joint letter last week telling doctors in China’s capital city “not to disseminate information that is still in the research stage or views that are controversial” in relation to the novel coronavirus, reflecting the authorities’ intent to

China Everbright Water secures upgrading project for Suzhou plantChina Everbright Water secures upgrading project for Suzhou plant.

With schools remaining closed during coronavirus outbreak, China launches national remote learning platformsWith schools in China remaining closed due to the coronavirus outbreak, China has launched a national online learning platform and started broadcasting primary school classes on public TV to help 180 million students “keep learning even with classes suspended”.From Monday, a national cloud learning platform

China reports 98 new Covid-19 deathsSHANGHAI/BEIJING — The death toll from a coronavirus outbreak in mainland China rose to 1,868 as of the end of Monday (Feb 17), up by 98 from the previous day, the National Health Commission said on Tuesday.

Coronavirus: South-east Asia's elephant parks deserted, tuk-tuks idle as China tourists stay homeLUANG PRABANG, LAOS (AFP) - Elephant parks unvisited, curios at markets unsold as tuk-tuks sit idle: South-east Asia is facing billions of dollars in losses from a collapse in Chinese tourism since the outbreak of a deadly new coronavirus.. Read more at straitstimes.com.

US considering new wave of China tech restrictionsWASHINGTON (BLOOMBERG) - The Trump administration is considering new restrictions on exports of cutting-edge technology to China in a push aimed at limiting Chinese progress in developing its own passenger jets and clamping down further on tech giant Huawei's access to vital semiconductors, according to four people familiar with the discussions.. Read more at straitstimes.com.



Hong Kong ex-lawmaker convicted for protest assault with loudhailer

Singapore reports 106 new cases of COVID-19, with 52 linked to existing clusters

66 new COVID-19 cases in Singapore; 2 new clusters at Little Gems Preschool and Kranji Lodge

Man charged after having bak kut teh meal at hawker centre while on stay-home notice

Thousands leave virus-hit Wuhan as outbound travel ban lifted

Volunteers rush to deliver laptops to families in need before full home-based learning kicks in

Indonesia announces biggest daily rise in COVID-19 cases, 24 doctors now dead

Write Comment

Thank you for your comment.
Please try again later.

Latest News

News

18 February 2020, Tuesday News

Previous news

Parasite grosses S$1.13 million at Singapore box office to date after historic Oscar Best Picture win

Next news

MGMT, Two Door Cinema Club set to headline AIA Glow Festival at Sentosa