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Beijing auto show delayed by virus

Bloomberg China’s annual auto show, which was scheduled to be held in Beijing in April, will be pushed back because of the novel coronavirus outbreak. The new date for the Beijing International Automotive Exhibition, originally scheduled for April 21-30, will be announced at a later date, the organiser said. The postponement of the show in the world’s largest auto market ...

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China shutdown ripples across India from drugs to electronics

Bloomberg India, the world’s second-most populous nation, is facing the ripple effects of shutdowns in China with production of medicines to mobile phones being hit as supply chain disruptions prolong. Prices of paracetamol, the most commonly used analgesic, have jumped by 40% in India, while the cost of azithromycin, an antibiotic used for treating a variety of bacterial infections, has ...

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Coffers are depleted in coronavirus-hit China

Bloomberg China’s provinces are facing the economic fallout from the coronavirus with depleted ammunition, given they were already bracing for a deterioration in public finances before the outbreak hit. More than half of mainland provinces expect slower expansion of revenue in 2020 than last year’s average local income growth, according to their budgets published before the disease outbreak became widespread ...

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