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Three Gorges starts building power projects

BEIJING: China Three Gorges New Energy Co., a state-owned clean energy developer, has started construction of 25 renewable power plants in an investment worth 58 billion yuan (US$8.3bil).

China GDP may grow slowest since 1990

BEIJING: The outbreak of the coronavirus and China’s efforts to stop its spread mean the economy will grow slower this quarter than first thought, with the median forecast now for growth to be the weakest in 30 years.

China companies struggle to stay afloat

SHANGHAI: Brigita, a director at one of China’s largest car dealers, is running out of options. Her firm’s 100 outlets have been closed for about a month because of the coronavirus, cash reserves are dwindling and banks are reluctant to extend deadlines on billions of yuan in debt coming due over the next few months. There are also other creditors to think about.