China Is Making Progress in the Battle to Get Back to Work

(Bloomberg) — China is slowly starting to get back to work, as it battles the coronavirus outbreak that has killed more than 2,600 people and sickened tens of thousands.Government controls and the fear of going outside have curtailed spending, and many factories are still not working at full capacity due to a lack of staff, with workers still in their hometowns or spending two weeks in quarantine.However, activity seems to be picking up, with the economy likely running at 60% to 70% capacity this week, according to a Bloomberg Economics report, up from about 50% two weeks ago. The following …read more

Source:: Yahoo Finance

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