Brigita, a director at one of China’s largest car dealers, is running out of options. Her firm’s 100 outlets have been closed for about a month because of the coronavirus, cash reserves are dwindling and banks are reluctant to extend deadlines on billions of yuan in debt coming due over the next few months. There are also other creditors to think about.
Chinese authors and publishers will not take part at the 33rd edition of Tehran International Book Fair (TIBF) as a protective action to help prevent the spread of coronavirus in Iran, the deputy director of the book fair said.
On the first trading day of the decade, shares around the world surged after China’s central bank announced an 800 billion yuan (£87 billion) cash increase for the economy, and US President Donald Trump said phase one of a trade deal between Washington and Beijing would be signed on January 15.