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Things Are Looking Up for China

Many regions in China have not reported any new confirmed cases of COVID-19 for several consecutive days, even in Wuhan, the epidemic epicenter – the situation is getting better.

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How will China recover from COVID-19?

The ongoing COVID-19 outbreak has hit the Chinese economy dramatically due to the measures that China has taken to restrict the movement of people – such as imposing the lockdown. Naturally, these restrictions have adverse effects on the travel and tourism industry, operations of shops and factories as well as labor migration. However, it is likely to generate negative economic impacts only for one or two quarters, but not the whole year.

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COVID-19 – business as usual?

In 2002, when SARS (Severe Acute Respiratory Syndrome), a pneumonia-like virus broke out in China, the country was mostly supplying the World with low-cost goods like t-shirts and sneakers. Today, China is one of the key commerce players in the global economy.

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Advancing Cross-Border B2B with China

The B2B marketplace has always been flourishing in China, however up till recent years, the B2B marketplace has always been doing business through traditional ways – cold calls or exhibitions. Other major B2B traditional methods have been done via “Guanxi” – to have the right connections to the right people and perhaps, drinking a lot of baijiu.

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