CHINA-ECONOMY: ECONOMIC COST OF CORONAVIRUS EPIDEMIC
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Some of China’s major internet companies, including Tencent, ByteDance, Baidu and Didi, have further pushed back the date for their employees to return to their offices to February 17 or 24, though work has resumed remotely. Apple iPhone maker Foxconn is planning to keep its mainland factories stay shut for another week and to delay a complete reopening until the beginning of March. More than 300 Chinese companies including smartphone-maker Xiaomi and China’s ride-hailing giant Didi Chuxing are seeking bank loans totaling at least $8.2 billion to ease the impact of the coronavirus epidemic,
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