Foreign-funded firms resume operation, with difficulties and confidence
Gao Yang, an employee of the industrial center of Swiss power and automation group ABB in Xiamen, began workday at 8:00 a.m. as usual, but she did not take a commuter bus to the office. Instead, she works from home.
Macro
Novel coronavirus leaves limited infection on world economy
With most businesses suspended, factories remaining closed and residents urged to stay home to help contain the spread of the novel coronavirus, China's economic growth is hitting the brakes, particularly in the first quarter, but not so much for the global economy at large.
Financials
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China issues tax cut guideline amid fight against epidemic
China's tax watchdog has unveiled a guideline to reduce financial pressure in key sectors amid the battle against the novel coronavirus outbreak.
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China offers targeted financing support for virus-hit small firms
China has stepped up targeted financing support for epidemic-stricken small and micro-enterprises, the country's banking regulator said Friday.
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Companies
Xiaomi becomes China's top TV brand
Xiaomi Corp., a Chinese electronics company, became the number one brand of TV sets in terms of annual output in the world's second-largest economy last year.
Ping An Bank's net profits up 13.6 pct in 2019
Ping An Bank saw a 13.6-percent rise in net profits in 2019 thanks to the strong performance of retail businesses.
BYD new energy vehicle sales slump in January
China's leading new energy vehicle (NEV) manufacturer BYD saw its NEV sales tumble in January, company data showed.
