A quick look at China’s current economy on stock figures
To contain the spread of the epidemic, authorities in China have extended the one-week Spring Festival holiday for another seven days attempting to reduce the movement of possible virus carriers, which has forced hundreds of thousands of companies to adopt a work-from-home policy and caused manufacturers to remain closed. The price change on the stock market reflects the domestic economic status responding to the prolonged holiday. E-commerce is seeing a rebound despite a dip on the first day of trading, indicating the trendy lifestyle of ‘shop online and get things delivered’ will become the norm as the lockdown proceeds. Smartphone and telecommunication industry suffer a decrease, while the stock of Xiaomi, the mobile devices producer which relies heavily on online sales, climbed. For more details please follow the link.