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Carmine Di Sibio, global chairman and CEO of professional services provider EY, said the epidemic has accelerated the digitalization efforts of companies. It has been proved that companies that have transformed their supply chain by using technologies, digital tools or application of the internet of things have shown better performance during the epidemic.
Chairman Xiao Yaqing of the State-owned Assets Supervision and Administration Commission (SASAC) said, in March, the country would deepen consolidation of State-owned enterprises this year, Bloomberg reported. The SASAC has yet to comment on the merger.

Car sales in China and the US are slumping, while surging SUV and crossover sales have led to some manufacturers like the Ford Motor Co to curtail sedan offerings in favor of additional SUV and crossover utility vehicle (CUV) production.
Che Pinjue, expert partner of venture-capital firm Sequoia Capital China, agreed. He said big companies' problem lies in the fact that too many opportunities and temptations distract them from identifying core issues.
Chan believes that while the first and second quarters of 2020 would inevitably see negative growth for Hong Kong, the easing of trade tensions between China and the United States would help the city's import and export trade to pick up.
来源:资阳报