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Chinas nonfinancial outbound direct investment (ODI) grew by 1.8 percent to 107.86 billion yuan ($15.5 billion) on a yearly basis during the first two months of this year, the Ministry of Commerce said on Thursday.
Chinas consumption sector will shake off the novel coronavirus epidemic impact in the medium or long term, as the country is nurturing new growth engines, senior officials said on Thursday.
The resumption of operations at the Coca-Cola bottling factory in Hubei province on March 21 signified the return of nearly all production for the bottling factories of the beverage giant in China, two months after the temporary closure of its production lines.
As of Tuesday, 85 percent of over 220 enterprises in Beijing Haidian Overseas Students Pioneer Park had resumed work. Zhao Xinliang, park director, said that the park reduced rent and property costs by 5 million yuan ($704,000) to all enterprises in February. The park also will reduce half of rent and property costs to enterprises in March.
Automobile is the most critical industry in Wuhan and Hubei province as it plays a significant role in domestic and even global supply chain. With the epidemic gradually coming under control, auto enterprises in the city, led by Dongfeng Motor, resume production, and drive the robust recovery of car parts production upstream and downstream, according to a Hubei Daily report on Tuesday.
To match the rapid trend of resuming work in Shanghai, the United Office Platform of Global Chambers (GCP) issued a preferential policy to provide foreign companies who join in the GCP before the end of March with two months of gratis co-working office space and amenities. Welcome to contact EAcham for more details.
Although the novel coronavirus outbreak has had a huge impact on its economy, China is gradually reviving economic activities and taking measures to create a better business environment and more development opportunities for foreign enterprises.
Author: Producer Emilio Mendez
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