A tale of two fronts: resilient China cranks up economy amid COVID-19 fight
Masks are required while popcorn is discouraged. After a 50-day shutdown due to the COVID-19 epidemic, the China Film Cinema in Urumqi, capital of northwest China's Xinjiang Uygur Autonomous Region, reopened last week to gradually growing movie-goers.
Macro
China's industrial profits fall in Jan.-Feb. as virus hurts activities
Profits of China's major industrial firms slumped in the first two months of 2020 as the novel coronavirus outbreak deals a huge blow to industrial production, data from the National Bureau of Statistics showed Friday.
Financials
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China pledges quicker 5G development to douse virus impact
China will hit the "fast-forward" button on the development of 5G technology to mitigate economic impacts from the novel coronavirus outbreak.
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Tourism industry picks up as coronavirus outbreak subsides
The spring is in the air, so is the battered tourism industry as the COVID-19 epidemic recedes in China.
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Companies
China Life Insurance reports hefty gains in 2019 net profits
China Life Insurance Co., one of the country's biggest insurers, saw its net profits more than quadruple last year, according to a performance report on its website.
Sinopec reports lower net profits in 2019
China Petrochemical Corporation (Sinopec), China's largest oil refiner, saw its net profits decline in 2019, the company said Sunday.
Chinese sportswear giant Anta reports strong 2019 growth
Anta Sports, a leading sportswear maker in China, logged robust performance in 2019 with its operating revenue and profit notching a record high.
