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China's largest online travel agency Trip.com launched on Thursday night a 1 billion yuan (5 million) fund to relieve the cash flow burden of its suppliers as the country battles the novel coronavirus outbreak. [Photo provided to chinadaily.com.cn]
China's major steps in reviving the economy include the following: 1) Large monetary stimulus has been used, but with emphasis on limiting the increase in private or public debts. 2) Fiscal stimulus has focused on infrastructure programs that can get people back to work. 3) SMEs have been given special access to loans and their taxes have been cut. 4) Local officials have been charged with opening up businesses if and only if their region has contained the virus. The Chinese government's fine-grained information about local economies allows it to make such localized decisions, while many Western countries will have to use blunter macroeconomic policies. 5) Supply chains are being restored as factories coordinate restoring production. 6) China will continue its long-term plans pushing more market-oriented reforms and international opening up. And 7), as noted above, policies have prioritized restoring jobs and protecting poor people.
China's major toy retailer Kidsland International Holdings Limited opened its subscription on Tuesday, amid the company's efforts to raise up to HK0 million (.4 million) in its Hong Kong IPO.
China's economic performance has been generally stable with better momentum, which would stay unchanged during the rest of the year, NBS spokesperson Mao Shengyong told a press conference.
China's healthtech field has two promising subsegments - pharmaceutical e-commerce and patient consultations - according to Jacky Choi, chief investment officer with Hong Kong-based Zeal Asset Management.
来源：资阳报