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Latest Articles in china

China's Passenger Car Sales Tumble 92% In First Half Of February Due To Virus Outbreak

China's auto market is likely to see sales slide more than 10% in the first half of the year due to the coronavirus epidemic, and around 5% for the whole year.

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China's Central Bank Vows To Take More Steps To Support Virus

The central bank will push down lending rates, especially for smaller firms, by further improving the transmission mechanism of the loan prime rate (LPR) - its new benchmark lending rate.

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China's Geely Starts Online Auto Sales As Virus Epidemic Keeps Buyers At Home

Sales of passenger cars in China, the world's largest auto market, plunged 92% in the first 16 days of February compared with the same period a year earlier.

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China's Passenger Car Sales Tumble 92% In First Half Of February Due To Virus Outbreak

China's passenger vehicle sales recorded 4,909 units in the first 16 days, down from 59,930 vehicles in the same period a year earlier.

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China Firms In $10 Billion Share Sale Rush As Funding Rules Eased Amid Virus Worries

China cut its benchmark lending rate on Thursday, helping lift the tech-heavy ChiNext index to the highest level in almost three years.

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Vietnam Reports Supply Chain Issues From Virus, Says May Hit Samsung Output

Vietnam relies much on China for materials and equipment, which makes the country become vulnerable when such outbreak happens.

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Coronavirus To Hit India's Cut & Polished Diamond Industry: ICRA

Industry estimates C&HK to be currently accounting for 35 per cent of India's overall CPD exports. This is slightly ahead of the United States, the largest market for diamond-studded jewellery.

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China's Passenger Car Sales Tumble 92% In First Half Of February Due To Virus Outbreak

China's auto market is likely to see sales slide more than 10% in the first half of the year due to the coronavirus epidemic, and around 5% for the whole year, provided the epidemic is effectively contained.

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Outbreak Will Not Change China's Commitments To Buy U.S. Goods - Senior U.S.

Under the deal, which took effect this month, China pledged to increase U.S. goods purchases by $77 billion in 2020 and by $123 billion by 2021.

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Air India Planning To Extend Flights Cancellation To China Beyond March 28

Several airlines around the world canceled their flights to mainland China and Hong Kong to prevent the spread of the disease.

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Maersk Warns Coronavirus Outbreak To Hit 2020 Earnings

Maersk said fourth-quarter earnings before interest, tax, depreciation and amortisation (EBITDA) totalled $1.46 billion, lagging the $1.51 billion forecast by 24 analysts in a consensus poll compiled by Maersk.

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China's Lenovo Confident Of Managing Virus Impact, Reports Strong Third-Quarter

The Chinese company reported an 11% rise in net profit for its third quarter ended December to $258 million thanks to strong demand for its PCs and smart devices, beating an average $223 million estimate of seven analysts

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U.S. Meeting On Huawei, China Policy Still On For Thursday Despite Trump Tweets

China's blacklisted Huawei Technologies, a maker of telecommunications equipment, and on sales of airplane components to a Chinese aircraft maker.

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China Cuts Benchmark Lending Rate As Economy Struggles To Shake Off Virus Shock

The epidemic has upended global supply chains and caused widespread disruption to businesses and factory activity in China, prompting authorities to deliver a steady stream of policy measures over recent weeks to cushion the blow to growth.

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Oil Rises On Supply Worries, While Virus-Led Demand Concerns Ease

Brent crude futures rose 45 cents, or 0.8%, to $59.57 a barrel by 0208 GMT. The international benchmark rose 2.4% on Wednesday.

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