Global firms believe Covid-19's impact on China's economy will be limited


Among the factories that resumed production across China on Monday was Tesla Inc. - Reuters

BEIJING (China Daily/ANN): The impact of the novel coronavirus (Covid-19) epidemic on China's economy will be temporary and will not change the fundamentals of the country's long-term economic growth, said executives of global companies on Tuesday (Feb 11).

"We are confident that China will not only overcome the difficulties and win the anti-epidemic battle, but have the ability to minimise the impact of the epidemic on the economy," said Wang Renrong, executive director of Budweiser Brewing Co (APAC).

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Covid-19 , China , economy , global , firms

   

Next In Regional

Mt Ruang: Last eruptions before Wednesday occurred in 2002, 1949
Thailand drops joint patrols with Chinese police after public backlash
Cops on the hunt for cable thieves in Ayer Hitam
Najib wanted to answer questions on money laundering in court, says investigating officer
Hearing for Siti Bainun's appeal against conviction postponed to Jan 30 next year
Biker ambushed by a tiger near Gua Musang, lives to tell his tale
Historic day for human rights in Malaysia, says Azalina
Many workers in boycott-hit companies are locals, says Rayer
Two nabbed for launching fireworks at police in Lembah Subang
Federal Court commutes death, natural life jail sentences of 11 convicted for drug trafficking

Others Also Read