Tourism sector being battered by outbreak

Travelers expected to return shortly after situation is brought under control The ongoing novel coronavirus pneumonia has severely hurt the nation’s tourism industry, with the China Tourism Academy estimating that the domestic market will plunge in 2020. According to the…

COFCO alliances help deliver goods in battle against epidemic

COFCO Group, China’s leading foodstuff producer and grain trader, will consolidate its partnerships with other centrally-administrated State-owned enterprises to deliver urgently needed materials on time to fight the novel coronavirus, a senior executive said. The Beijing-headquartered group has shipped vegetables,…

Drug firm ramps up R&D to aid fight

Sinopharm, the largest State-owned healthcare company in China, is ramping up research and development efforts and increasing medical supplies for prevention and control of the novel coronavirus outbreak in the country. The company, also known as China National Pharmaceutical Group…

Special transport moves workers toward reboot

Governments at various levels in China are innovating several modes of transport to enable workers to return to their jobs after the Lunar New Year holiday that got extended due to the COVID-19 outbreak. Their spirited efforts appear to be…

Trade momentum remains unscathed

Exporters to get more assistance from govt for resumption of production The novel coronavirus epidemic will only have a temporary impact on China’s foreign trade and the government will offer more assistance to help exporters resume production and receive timely…

Huawei secures most 5G contracts around world

Huawei Technologies Co has secured its position as the most sought-after 5G telecom equipment supplier, despite the US government’s intensified push to contain the Chinese technology giant on the geopolitical, legal and technological front lines. Among the 91 commercial 5G…

Force majeure certificates issued for companies affected by epidemic

China has issued 3,325 force majeure certificates as of Friday to protect companies from legal damage arising from novel coronavirus epidemic, data released by the China Council for the Promotion of International Trade showed.  A total of 97 trade promotional…

Companies share staff to resolve labor shortages in epidemic

During the novel coronavirus outbreak, shared staff among different enterprises has become a trend. Some catering service providers, like restaurants, hotels and shopping malls, have few consumers, while supermarkets, e-commerce and logistics companies are short of hands. To curb the…

Credit insurance to lend a hand to export businesses

China will enhance support for trade financing and give full play to the role of export credit insurance to help companies cope with the impact of the novel coronavirus epidemic, according to the Ministry of Commerce. The country encourages export-oriented…

Shanghai enterprises go back to work

More than 70 percent of major enterprises in Shanghai have resumed operation in the past week after the novel coronavirus outbreak delayed production and services, the municipal government said on Friday. Over 70 percent of industrial and commercial companies, surveyed…