China's economy suffered through an "eye-popping" first quarter as a coronavirus epidemic hammered business activity, with deterioration even as firms were supposed to be going back to work, a private survey showed on Tuesday.
The coronavirus outbreak has led to a shift in attitudes in China, with less tolerance of individualistic behaviour and a greater tendency to recognise the contributions of others, according to a survey conducted during the epidemic.
With more employees working from home to help slow the spread of the coronavirus, demand is surging for laptops and network peripherals as well as components along the supply chain such as chips, as companies rush to build virtual offices.
Mainland China on Monday reported a drop in its daily tally of new coronavirus cases, reversing four straight days of increases, as the capital, Beijing, ramped up measures to contain the number of infections arriving from abroad.
German air taxi startup Lilium said on Monday it had raised $240 million (206.06 million pounds) in additional funding from existing backers led by China's Tencent , completing the investment round at a higher valuation despite the coronavirus pandemic.
Several months before the coronavirus pandemic began, the Trump administration eliminated a key American public health position in Beijing intended to help detect disease outbreaks in China, Reuters has learned.
China reported 46 new coronavirus cases on Sunday, while the city of Wuhan, the pandemic's ground zero, announced it would be loosening a two-month lockdown by gradually resuming public transportation and allowing healthy people to resume work.
A Chinese central bank official called on Sunday for stepped up global policy coordination to manage the economic impact of the coronavirus outbreak, and said Beijing's recent policy measures were gaining traction while it had capacity for further action.