South Korea Confirms 161 New Cases

The transcript discusses the global impact of the coronavirus outbreak, focusing on criticism of containment measures in South Korea, the economic and social effects in Italy and the EU, and China's policy response to economic challenges. It highlights the struggles of Chinese SMEs due to limited credit access and banking pressures, and the economic difficulties faced by Hong Kong businesses lacking bankruptcy protection. The transcript emphasizes the need for coordinated policy efforts to address these challenges.

What was one of the main criticisms of South Korea's response to the outbreak?

• Excessive travel restrictions

• Too little, too late in containment measures

• Overreaction to the situation

• Too many resources allocated

Which major event was canceled in Italy due to the outbreak?

• Florence Art Fair

• Naples Music Festival

• Rome Film Festival

• Venice Carnival

What type of economic recovery does the PBOC expect for China?

• V-shaped

• L-shaped

• W-shaped

• U-shaped

What is a significant challenge faced by Chinese SMEs during the outbreak?

• Overstaffing issues

• High export demand

• Excessive government support

• Limited access to credit

What financial relief did ICBC provide to its SME clients?

• Loan relief to 10% of clients

• Loan relief to 25% of clients

• Loan relief to 5% of clients

• Loan relief to 50% of clients

What is a major issue for businesses in Hong Kong during the outbreak?

• Increased foreign investment

• High tourism rates

• Excessive government intervention

• Lack of Chapter 11 protection

What did the Hong Kong Institute of CPAs predict for the year?

• Fresh wave of bankruptcies

• Decrease in bankruptcies

• Stable economic growth

• Increase in foreign investments