• Burmese
Sunday, July 13, 2025
No Result
View All Result
NEWSLETTER
The Irrawaddy
27 °c
Yangon
  • Home
  • News
    • Burma
    • Politics
    • World
    • Asia
    • Myanmar’s Crisis & the World
    • Ethnic Issues
    • War Against the Junta
    • Junta Cronies
    • Conflicts In Numbers
    • Junta Watch
    • Fact Check
    • Investigation
    • Myanmar-China Watch
    • Obituaries
  • Politics
  • Business
  • Opinion
    • Commentary
    • Guest Column
    • Analysis
    • Editorial
    • Stories That Shaped Us
    • Letters
  • Junta Watch
  • Ethnic Issues
  • War Against the Junta
  • In Person
    • Interview
    • Profile
  • Books
  • Donation
  • Home
  • News
    • Burma
    • Politics
    • World
    • Asia
    • Myanmar’s Crisis & the World
    • Ethnic Issues
    • War Against the Junta
    • Junta Cronies
    • Conflicts In Numbers
    • Junta Watch
    • Fact Check
    • Investigation
    • Myanmar-China Watch
    • Obituaries
  • Politics
  • Business
  • Opinion
    • Commentary
    • Guest Column
    • Analysis
    • Editorial
    • Stories That Shaped Us
    • Letters
  • Junta Watch
  • Ethnic Issues
  • War Against the Junta
  • In Person
    • Interview
    • Profile
  • Books
  • Donation
No Result
View All Result
The Irrawaddy
No Result
View All Result
Home News Asia

China Says Coronavirus Could Disrupt Economy in Q1, Upbeat on Recovery

Reuters by Reuters
February 7, 2020
in Asia
Reading Time: 2 mins read
0 0
A A
Staff members wearing face masks wait for customers outside a China Citic Bank branch in Hangzhou, China after the city imposed new measures to prevent and control the new coronavirus, on Feb. 4, 2020. / REUTERS

Staff members wearing face masks wait for customers outside a China Citic Bank branch in Hangzhou, China after the city imposed new measures to prevent and control the new coronavirus, on Feb. 4, 2020. / REUTERS

4.1k
VIEWS
Share on FacebookShare on Twitter

BEIJING—China’s economy could be disrupted in the first quarter due to the coronavirus outbreak, but it is expected to recover once the virus is brought under control, a vice governor of the central bank said on Friday.

The People’s Bank of China is closely watching the impact of the outbreak on the economy, and is preparing policy reserves to offset the pressure, Vice Governor Pan Gongsheng told a news briefing on Friday.

Analysts believe China’s first-quarter economic growth could slow sharply by 2 percentage points or more from 6 percent in the last quarter, but could rebound sharply if the outbreak peaks soon, much like the pattern during the SARS epidemic in 2003.

RelatedPosts

KIA Denies Rumor Chief Under House Arrest in China

KIA Denies Rumor Chief Under House Arrest in China

July 11, 2025
713
Chinese Investment Reshapes Myanmar’s N. Shan as MNDAA Consolidates Power

Chinese Investment Reshapes Myanmar’s N. Shan as MNDAA Consolidates Power

July 10, 2025
2.8k
China’s Surveillance State Watches Everyone, Everywhere

China’s Surveillance State Watches Everyone, Everywhere

July 8, 2025
1k

Widespread travel and public health restrictions are taking an increasing toll on tourism, restaurants and other parts of the services sector, while many factories have suspended operations until next week or longer.

The PBOC will maintain ample liquidity and deepen interest rate reforms, Pan said. It pumped large amounts of cash into the financial system on Monday to shore up confidence and cut some key money market interest rates.

The death toll from the epidemic in mainland China reached 636 as of the end of Thursday, up by 73 from the previous day. There were 3,143 new confirmed infections, bringing the total so far to 31,161.

China will also implement cuts in taxes and fees, Vice Finance Minister Weiping said at the briefing.

China Banking and Insurance Regulatory Commission Vice Chairman Zhou Liang said he expects banks’ non-performing loan ratios to rise somewhat amid the outbreak but said China has ample resources to deal with any rise in bad loans.

You may also like these stories:

H1N1 Outbreak Kills Three More in Yangon

After Eight-Day Construction, China Virus Hospital Starts Receiving Patients

Suspected Chinese Coronavirus Patient in Stable Condition: Myanmar Hospital

Your Thoughts …
Tags: Chinacoronaviruseconomic growthEconomyPeople’s Bank of China
Reuters

Reuters

...

Similar Picks:

Exodus: Tens of Thousands Flee as Myanmar Junta Troops Face Last Stand in Kokang
Burma

Exodus: Tens of Thousands Flee as Myanmar Junta Troops Face Last Stand in Kokang

by Hein Htoo Zan
November 28, 2023
98.5k

Myanmar National Democratic Alliance Army troops are opening roads and pathways through forests for people to flee Kokang’s capital as...

Read moreDetails
Drone Attack at Myanmar-China Border Gate Causes Over $14m in Losses
Business

Drone Attack at Myanmar-China Border Gate Causes Over $14m in Losses

by The Irrawaddy
November 27, 2023
38.6k

Jin San Jiao is latest northern Shan State trade hub in crosshairs of ethnic Brotherhood Alliance.

Read moreDetails
Brotherhood Alliance Marching Towards Capital of Myanmar’s Kokang Region
Burma

Brotherhood Alliance Marching Towards Capital of Myanmar’s Kokang Region

by The Irrawaddy
November 25, 2023
31k

Chinese embassy urges citizens to flee Laukkai Town as ethnic armies prepare to drive Myanmar junta troops from Kokang’s capital.

Read moreDetails
General Close to Myanmar Junta Boss Placed Under House Arrest, Interrogated for Corruption
Burma

General Close to Myanmar Junta Boss Placed Under House Arrest, Interrogated for Corruption

by The Irrawaddy
September 14, 2023
28.7k

The arrest of ‘kickback king’ Lt-Gen Moe Myint Tun, once seen as a possible successor to Min Aung Hlaing, comes...

Read moreDetails
Junta Battalion Controlling Myanmar-China Trade Route Surrenders to KIA 
Burma

Junta Battalion Controlling Myanmar-China Trade Route Surrenders to KIA 

by Saw Reh
January 26, 2024
22.6k

Kachin Independence Army seizes another base in northern Shan State, cutting off regime troops in the border trade town of...

Read moreDetails
Has China Lost Control of Ethnic Armies in Myanmar’s War-Torn Borderland?
Guest Column

Has China Lost Control of Ethnic Armies in Myanmar’s War-Torn Borderland?

by Bertil Lintner
November 6, 2023
21.4k

The Brotherhood Alliance’s offensive against the junta in northern Shan has shut down trade and resource access, but Beijing still...

Read moreDetails
Load More
Next Post
A villager steers a boat near the future site of the Luang Prabang dam on the Mekong River in Luang Prabang province, Laos, on Feb. 5, 2020. / Reuters

Amid Hydropower Boom, Laos Moves Ahead on Latest Mekong Dam

Li Wenliang / supplied / Kyodo

Chinese Doctor Who Blew Whistle About Coronavirus Outbreak Dies

No Result
View All Result

Recommended

‘Reforms Are Not Optional’: Prominent Activist Urges NUG to Act Before It’s Too Late

‘Reforms Are Not Optional’: Prominent Activist Urges NUG to Act Before It’s Too Late

4 days ago
1.2k
Trump’s Tariffs to Hit Myanmar’s Garment Manufacturers Hard

Trump’s Tariffs to Hit Myanmar’s Garment Manufacturers Hard

4 days ago
1.1k

Most Read

  • Myanmar Junta Airstrikes Kill 25 on Friday

    Myanmar Junta Airstrikes Kill 25 on Friday

    shares
    Share 0 Tweet 0
  • Myanmar Junta Chief Thanks Trump for Shutting Down VOA and RFA

    shares
    Share 0 Tweet 0
  • Parading Comedians and Machines for Election Circus; Rousing the Military Vote; and More

    shares
    Share 0 Tweet 0
  • Myanmar Junta Deploying Conscripts in Major Push to Reclaim Lost Territory

    shares
    Share 0 Tweet 0
  • Chinese Investment Reshapes Myanmar’s N. Shan as MNDAA Consolidates Power

    shares
    Share 0 Tweet 0

Newsletter

Get The Irrawaddy’s latest news, analyses and opinion pieces on Myanmar in your inbox.

Subscribe here for daily updates.

Contents

  • News
  • Politics
  • War Against the Junta
  • Myanmar’s Crisis & the World
  • Conflicts In Numbers
  • Junta Crony
  • Ethnic Issues
  • Asia
  • World
  • Business
  • Economy
  • Election 2020
  • Elections in History
  • Cartoons
  • Features
  • Opinion
  • Editorial
  • Commentary
  • Guest Column
  • Analysis
  • Letters
  • In Person
  • Interview
  • Profile
  • Dateline
  • Specials
  • Myanmar Diary
  • Women & Gender
  • Places in History
  • On This Day
  • From the Archive
  • Myanmar & COVID-19
  • Intelligence
  • Myanmar-China Watch
  • Lifestyle
  • Travel
  • Food
  • Fashion & Design
  • Videos
  • Photos
  • Photo Essay
  • Donation

About The Irrawaddy

Founded in 1993 by a group of Myanmar journalists living in exile in Thailand, The Irrawaddy is a leading source of reliable news, information, and analysis on Burma/Myanmar and the Southeast Asian region. From its inception, The Irrawaddy has been an independent news media group, unaffiliated with any political party, organization or government. We believe that media must be free and independent and we strive to preserve press freedom.

  • Copyright
  • Code of Ethics
  • Privacy Policy
  • Team
  • About Us
  • Careers
  • Contact
  • Burmese

© 2023 Irrawaddy Publishing Group. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • Burma
    • Politics
    • World
    • Asia
    • Myanmar’s Crisis & the World
    • Ethnic Issues
    • War Against the Junta
    • Junta Cronies
    • Conflicts In Numbers
    • Junta Watch
    • Fact Check
    • Investigation
    • Myanmar-China Watch
    • Obituaries
  • Politics
  • Opinion
    • Commentary
    • Guest Column
    • Analysis
    • Editorial
    • Stories That Shaped Us
    • Letters
  • Ethnic Issues
  • War Against the Junta
  • In Person
    • Interview
    • Profile
  • Business
    • Economy
    • Business Roundup
  • Books
  • Donation

© 2023 Irrawaddy Publishing Group. All Rights Reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.