20200317 China News

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March 17, 


China News

3 minutesKnow China


Policymakers around the world are contemplating stronger fiscal measures to limit the damage from the novel coronavirus outbreak in individual economies, as the effects are extending from production to commodity and financial markets with rising global recession risks.


China has instructed its banking sector to ensure the implementation of the policy that allows eligible companies to delay loan or interest payments until the end of June, said a regulatory official on Sunday.


3M said it will provide reasonable and stable prices for all its respirators and masks and surgical masks via its official online flagship stores during the COVID-19 outbreak in China, and the company is committed to developing more products to better meet customer demand, said its top official in China.


The US government is extending a temporary license that will allow US companies to continue doing business with Chinese tech giant Huawei Technologies Co for another 45 days.


To match the rapid trend of resuming work in Shanghai, the United Office Platform of Global Chambers (GCP) issued a preferential policy to provide companies who join in the GCP before the end of March with two months of free co-working office space and amenities. Welcome to contact EAcham for more details.


Priorities will be given to carmakers and auto suppliers in Hubei province, one of the most important automotive manufacturing regions, in resuming operations, said the nation's top industry regulator on Friday.


China's auto production and sales plunged in February, weighed down by the novel coronavirus outbreak, the China Association of Automobile Manufacturers (CAAM) said Thursday.

SourceGlobaltimes, Xinhuanet, Chinadaily, Shine, GdtodayChina Plus News

Author: Producer Emilio Mendez

Speaker: Caroline Parraguez

Edition: EAcham

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