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.
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.
China's tax watchdog has unveiled a guideline to reduce financial pressure in key sectors amid the battle against the novel coronavirus outbreak.more
China has stepped up targeted financing support for epidemic-stricken small and micro-enterprises, the country's banking regulator said Friday.more
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 saw a 13.6-percent rise in net profits in 2019 thanks to the strong performance of retail businesses.
China's leading new energy vehicle (NEV) manufacturer BYD saw its NEV sales tumble in January, company data showed.