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Foreign investments resume in paniced China

Foreign companies, enterprises above the designated size and export companies have resumed work one after another in the nation, as it fights against the novel coronavirus pneumonia.

With sound protective measures, employees of United Initiators, a Germany-headquartered company, have started work at a circular economic demonstration park in Feidong county, Hefei city, East China's Anhui province, on Feb 18.

Statistics show 28 out of 38 companies above the designated size have resumed work in the economic park as of Feb 19.

Meanwhile, with strict virus prevention and control measures, seafood export companies have also started work to recover capacity gradually in Haikou, South China's Hainan province, on Feb 18.

The epidemic will not derail China's capital market reform and opening-up, and the commission will promote market stability and resilience by deepening reforms, said Yan Qingmin, vice-chairman of the China Securities Regulatory Commission, the top securities regulator.

This year's bullish market prospects will remain intact despite the novel coronavirus outbreak, as signaled by the stronger-than-expected rebound of China's A-share market, analysts said.

Source: China Daily

Written by The Levant

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