Facing pressure from the United States, China made rare concessions on Thursday, allowing the United States and other foreign airlines to resume some Chinese routes. Less than 24 hours ago, the Trump administration threatened to ban Chinese flights to the United States.

The sea freight and air freight price increase and suspension caused by the new epidemic have forced companies to turn to trains one after another. This is boosting China and Europe, one of the core elements of China's “Belt and Road” initiative.

Data released on Thursday showed that although Chinese factories are returning to production, the global economic recession triggered by the new crown epidemic has caused manufacturers to be pessimistic about export demand.

Affected by this week's West Texas Intermediate Oil Futures contract price plunge to a negative value, ordinary investors in China and South Korea suffered heavy losses on crude oil derivatives.

According to corporate accounts and the US diplomatic memorandum, China's new export restrictions have caused masks, test kits, and other much-needed anti-epidemic medical equipment shipped by US companies to the United States.

According to people familiar with the situation, China ’s new epidemic prevention and control policy disrupted the operations of FedEx Group and United Parcel Service, upset flight crews, affected cargo transportation, and prompted the two air cargo companies to report to the White House and other U.S. officials A call was made to avoid disruption to the supply chain during the outbreak.

The Chinese government said on Thursday that China is further tightening border control measures and ordering airlines to sharply cut international passenger flights from Sunday to curb the high risk of overseas imports of new pneumonia.

An official from China's Ministry of Commerce said on Thursday that the resumption of work of Chinese foreign trade companies is showing an accelerated recovery, but due to the impact of the new pneumonia epidemic on global production and consumption, Chinese foreign trade companies may experience weak external demand and reduced orders.

Two months after the global supply chain oscillated almost completely, the Chinese ports were operating again, and thousands of containers stranded by the outbreak of the new epidemic were being shipped out.

China has long relied on its army of 30 million truck drivers to keep its economy running. Today, half of them are not on the road because of the new virus outbreak. This situation is slowing down the delivery of various goods, from agricultural products to automobile parts.

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.

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.

On Wednesday, British Airways, Lufthansa and Indonesian Lion Air, part of International Consolidated Airlines Group SA, became the first airlines to suspend flights to and from China in response to the epidemic.

British Airways said on Wednesday that the cancellation of all flights to mainland China was effective immediately.

Chinese authorities fined Japanese carmaker Toyota Motor 87.6 million yuan (USD12.5 million) for price-fixing on its luxury vehicle division Lexus in eastern Jiangsu province on Friday.

Tesla starts deliveries of China-made Model 3 cars in its Shanghai giga-factory, saying that it will beef up deliveries next month, Reuters reports.