Economic Resumption? Business Picks up Pace in China, Global Recovery Pace Uncertain
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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