Chinese small businesses that are just getting better are now facing two new threats: a dangerous new coronavirus is spreading across the country, and Chinese officials have ordered most of the country to suspend work to prevent more people from being infected. If China does not issue resumption orders as soon as possible, the impact on small businesses and the job market may be irreparable.

Alstom said the acquisition of Bombardier's train business subsidiary was worth $ 8.2 billion. This will provide the Canadian industrial giant with much-needed cash while spawning a new train giant focused on the European market, large enough to rival Chinese rivals.

China's stock market has regained its lost ground after the Spring Festival, which shows that people are increasingly convinced that the coronavirus epidemic will only cause a temporary blow to economic growth and corporate profits.

According to people familiar with the matter, the Trump administration is considering taking new trade measures against China. By adjusting relevant regulations, it will allow the Commerce Department to require chip companies around the world to obtain US licenses before they can use US equipment to produce chips supplied to Huawei.

As the new coronavirus epidemic has a more severe impact on industrial production, the volume of freight shipments from China has plummeted, and shipping companies are prepared to withstand the financial shock caused by the decline in traffic.

The new pneumonia epidemic hit real estate sales as potential buyers stayed home to prevent infection and some real estate developers closed sales centers across the country.

China Automotive Industry Association, which has a government background, said on Thursday that China ’s auto sales in January fell 18% year-on-year to 1.94 million.

In response to the impact of the new crown virus epidemic on the domestic economy, the Chinese government has adopted a series of emergency measures, not only injecting billions of dollars into the domestic financial system, raising expectations for interest rate cuts, but also promising to reduce administrative approvals and processes.

After the relevant Chinese authorities changed the diagnostic criteria for new coronavirus confirmed cases, the number of new cases rose sharply, raising questions about when the epidemic reached its peak.

Wuhan, the center of China's auto industry, is at the center of the epidemic, and it is difficult for automakers to resume work. In addition, consumers' demand for car purchases during the epidemic has plummeted, which has dampened expectations that the Chinese auto market will rebound.

Xinhua News Agency reported on Thursday that the mayor of Shanghai should replace Jiang Chaoliang as secretary of the Hubei Provincial Party Committee. This is part of the high-level personnel removal operation, which shows Beijing's dissatisfaction with the local epidemic situation.

Global index provider MSCI Mingsheng will include Beijing-Shanghai High-speed Railway Co., Ltd. and Kingsoft into the MSCI China A-Onshore Index and MSCI China All-Share Index.

China's top leadership has introduced tax cuts and other measures to stabilize the Chinese economy, which has been hit hard by the epidemic. At present, companies and factories have been slow to resume work after the extended Spring Festival holiday, and many workers are still at home.

The State Council of China stated that it would strengthen the supply of medical prevention and control materials and daily necessities while preventing and controlling the new coronavirus epidemic.