Economic Resumption? Business Picks up Pace in China, Global Recovery Pace Uncertain
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China’s business and travel activities are steadily recovering after being disrupted by the coronavirus outbreak, but rapidly rising infections globally will pose a challenge to the country’s broader economic resumption. Nomura estimated in a research report on Monday about 61.6% of the firms hardest hit by the health crisis in China have resumed work as of March 8, and 74.1% in the broader economy. China reported on Monday no locally-transmitted cases of infection on the mainland outside of the central province of Hubei, the epicentre of the outbreak, for the second straight day. >click to read< 19:28
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