Song Xiaowu, former president of the China Society of Economic Reform, a state-backed think tank, said at a forum on Saturday that China’s GDP growth rate could drop to 3 per cent in the first quarter and 5 per cent for the whole of 2020.
https://www.scmp.com/economy/china-...adjust-2020-gdp-growth-target-due-coronavirus
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Coronavirus: more than two thirds of China’s migrant labourers not yet back at work
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Pictet Wealth Management has lowered China’s growth forecast to 5.6 per cent from 5.9 per cent this year. Oxford Economics has revised down its estimate to 5.4 per cent from 6.0 per cent, while Moody’s has cut its prediction to 5.2 per cent from 5.8 per cent.
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Slowed by the Coronavirus, China Inc. Struggles to Reopen
Some factories are firing up again, but with many workers quarantined and parts in short supply, production is limited.
https://www.nytimes.com/2020/02/17/business/china-coronavirus-economy.html
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BEIJING, Feb. 19 (Xinhua) -- China's daily new confirmed cases of the novel coronavirus pneumonia outside Hubei, the epicenter province of the outbreak, have dropped for 15 consecutive days, according to the National Health Commission Wednesday.
A total of 56 new confirmed cases were reported on Tuesday outside Hubei, a 15th consecutive day drop since Feb. 3, showed figures released by the commission.
A total of 890 new cases were reported outside Hubei on Feb. 3.
The commission said it received reports of 1,749 new confirmed cases on Tuesday from 31 provincial-level regions and the Xinjiang Production and Construction Corps, including 1,693 in Hubei.
http://www.xinhuanet.com/english/2020-02/19/c_138797177.htm
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There is a significant decline in the number of people infected outside Hubei Province, and there are even no more new cases in some provinces. In spite of this, many provinces still strictly control the flow of people and maintain the blockage. Is it no longer appropriate to do so?
Working from home is only suitable for some employees. Manufacturing workers can't work remotely. Without coronavirus, many workers would have started work twenty days ago. For the sake of enterprise (and economy), they should return to work in the factory now.
In other provinces, especially in the western provinces, the epidemic is no longer serious. According to the report of Qinghai Provincial Health Commission, there are a total of 18 confirmed cases of pneumonia infected by novel coronavirus in Qinghai Province. At present, 15 cases have recovered, and there are no new cases in the past two weeks. However, it is estimated that less than 30% of industrial enterprises have begun to operate now in Xining, the capital of Qinghai province. It would be 65.1% by the end of February.
It is time for China (except Hubei) to resume economic activity. Don't forget that there are not only virus that can kill people.
I pray that this epidemic will not affect too many small and medium-sized enterprises, as few people as possible lose their jobs.
......
Prediction of Industrial Enterprises resuming production in Xining
https://www.tibet3.com/news/zangqu/qh/2020-02-19/151832.html
https://www.scmp.com/economy/china-...adjust-2020-gdp-growth-target-due-coronavirus
......
Coronavirus: more than two thirds of China’s migrant labourers not yet back at work
- Less than one third of China’s 291 million migrant workers have returned to their jobs because of the coronavirus outbreak, the transport ministry says
- The delay could seriously disrupt China’s manufacturing and services sectors, which do not have the luxury of working from home
......
Pictet Wealth Management has lowered China’s growth forecast to 5.6 per cent from 5.9 per cent this year. Oxford Economics has revised down its estimate to 5.4 per cent from 6.0 per cent, while Moody’s has cut its prediction to 5.2 per cent from 5.8 per cent.
......
Slowed by the Coronavirus, China Inc. Struggles to Reopen
Some factories are firing up again, but with many workers quarantined and parts in short supply, production is limited.
https://www.nytimes.com/2020/02/17/business/china-coronavirus-economy.html
......
BEIJING, Feb. 19 (Xinhua) -- China's daily new confirmed cases of the novel coronavirus pneumonia outside Hubei, the epicenter province of the outbreak, have dropped for 15 consecutive days, according to the National Health Commission Wednesday.
A total of 56 new confirmed cases were reported on Tuesday outside Hubei, a 15th consecutive day drop since Feb. 3, showed figures released by the commission.
A total of 890 new cases were reported outside Hubei on Feb. 3.
The commission said it received reports of 1,749 new confirmed cases on Tuesday from 31 provincial-level regions and the Xinjiang Production and Construction Corps, including 1,693 in Hubei.
http://www.xinhuanet.com/english/2020-02/19/c_138797177.htm
......
There is a significant decline in the number of people infected outside Hubei Province, and there are even no more new cases in some provinces. In spite of this, many provinces still strictly control the flow of people and maintain the blockage. Is it no longer appropriate to do so?
Working from home is only suitable for some employees. Manufacturing workers can't work remotely. Without coronavirus, many workers would have started work twenty days ago. For the sake of enterprise (and economy), they should return to work in the factory now.
In other provinces, especially in the western provinces, the epidemic is no longer serious. According to the report of Qinghai Provincial Health Commission, there are a total of 18 confirmed cases of pneumonia infected by novel coronavirus in Qinghai Province. At present, 15 cases have recovered, and there are no new cases in the past two weeks. However, it is estimated that less than 30% of industrial enterprises have begun to operate now in Xining, the capital of Qinghai province. It would be 65.1% by the end of February.
It is time for China (except Hubei) to resume economic activity. Don't forget that there are not only virus that can kill people.
I pray that this epidemic will not affect too many small and medium-sized enterprises, as few people as possible lose their jobs.
......
Prediction of Industrial Enterprises resuming production in Xining
https://www.tibet3.com/news/zangqu/qh/2020-02-19/151832.html
