Beijing autoshow postponed until further notice: Statement - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

  • 📰 SABCNews
  • ⏱ Reading Time:
  • 48 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

Organisers of the Beijing autoshow, which was scheduled to be held in late April, said on Saturday that they will postpone the event until further notice due to the COVID-19 resurgence across the country.

“We will pay close attention to the development of the epidemic, and strive to enhance the event’s organisation and service work according to the requirements of the epidemic prevention and control policy,” Secretariat of Auto China said in a post on its official WeChat account.US companies in China reduce revenue projections

More than half of US multinational companies in China have reduced their annual revenue projections, mostly due to the recent COVID-19 outbreak in Shanghai, according to a joint survey by the American Chambers of Commerce in Shanghai and Beijing published on Friday. Responses to the survey, conducted with 167 companies operating throughout China including 76 in manufacturing, found 82% of manufacturers reported slowed or reduced production due to a lack of employees, inability to obtain supplies, or government-ordered lockdowns.

More than half, or 54%, have cut 2022 revenue projections following the outbreak, though 38% said it was too early to estimate the impact. Some manufacturers in Shanghai, particularly in the automotive industry, have resorted to operating with a “closed-loop”, wherein employees remain confined to the premises in order to keep production lines running, while outside suppliers are sealed off.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Being the head of the home isn't easy, you are expected to provide for the home, I lost my job during the pandemic and relied on the little money I had,things were hard until I met Williamchurch07 and started Bitcoin trading, I earned R150,000 in 3 weeks thanks Williamchurch07

So many Bitcoin traders on Twitter are trickster LindaStouffes thank you for opening my eyes to their ways now I’m pretty sure I’ll be able to help others

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 37. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Soccer World Cup 2022 draw - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.ICYMI: Friday’s 2022 World Cup draw in Qatar placed the United States men’s national team in Group B with England. Im willing to be an errand boy, a gardener or any form of odd job just to feed my children🙏🏾. They've been going to school and back on an empty stomach and that cripples me as a father. I humbly ask for any tinned food or grocer you don't need🙏 very interesting group constellations - unfortunately i will boycott the WorldCup. Qatar has killed thousands of migrant workers for this competition and treated the once survived the inhuman work conditions like shit. The respect for human rights does not exist in Qatar at all
Source: SABCNews - 🏆 37. / 51 Read more »