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Free AccessMNI China Press Digest, March 9: Virus, Employment, Car Sales
BEIJING (MNI) - The following lists highlights from Chinese press reports
on Monday:
No new local cases of the COVID-19 virus have been reported outside of the
epicentre of Wuhan City for the first time since the epidemic appeared, Economic
Daily reports. Citing information from a briefing on Sunday, the Daily's report
says three new cases confirmed outside of Hubei province were cases imported
from overseas. Citing Mi Feng, a spokesman for the National Health Commission,
the Daily says the development of the epidemic outside of China and imported
cases continue to add risks and pressures to China's ability to control the
epidemic.
A total of 78 million migrant workers were back at work in China as of last
Friday and all migrant workers will have moved back to the cities where they
work by the first half of April, according to the Economic Information Daily.
Citing Zhang Ying, the director of the employment promotion department at the
Ministry of Human Resources and Social Security, the Daily said the central
government had helped companies find 298 thousand workers since February.
Chinese provinces with large automotive industries and good local fiscal
conditions such as Guangdong, Zhejiang and Shanghai are likely to roll out
measures to boost new car purchases, the China Securities Journal reported.
Citing analysts, the Journal's report said potential measures included
relaxations on car license limits and subsidies for buying electric vehicles or
cars which meet the latest emission standards.
--MNI Beijing Bureau; +86 (10) 8532-5998; email: wanxia.lin@marketnews.com
--MNI Sydney Bureau; +61 405322399; email: lachlan.colquhoun.ext@marketnews.com
[TOPICS: M$A$$$,M$Q$$$,MI$$$$]
To read the full story
Sign up now for free trial access to this content.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.