BEIJING - 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.
China's economy was likely running at just 40 per cent-50 per cent capacity last week, according to a Bloomberg Economics report. The following data track how much of the world's second-largest economy remains out of action: Industrial Demand Although some companies, especially large state-owned industrial firms and those making medical equipment, have ramped up output, demand for electricity is still well below where it should be at this time of year. Along with anecdotal reporting from across China's vast east-coast manufacturing heartland, the power numbers suggest much of the nation's industrial capacity remains idle.
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.
Not very soon
the fastest
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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
Source: YahooSG - 🏆 3. / 71 Read more »
China Everbright Water secures upgrading project for Suzhou plantChina Everbright Water secures upgrading project for Suzhou plant.
Source: BusinessTimes - 🏆 15. / 51 Read more »
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
Source: YahooSG - 🏆 3. / 71 Read more »
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.
Source: TODAYonline - 🏆 1. / 99 Read more »
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.
Source: The Straits Times - 🏆 8. / 63 Read more »
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.
Source: The Straits Times - 🏆 8. / 63 Read more »