China’s February PMI Data Fell to Lowest Level on Record

The transcript discusses the severe economic impact of the coronavirus, highlighting record low manufacturing and non-manufacturing PMI figures. Economists have revised GDP forecasts for China, predicting significant contraction in the first quarter. Various financial institutions provide differing views on recovery, with some expecting a rebound in the second half of the year. The Chinese government and regulators are implementing measures to support businesses, particularly SMEs, by allowing loan repayment delays and injecting liquidity. However, concerns remain about the potential rise in non-performing loans if the pandemic's impact persists.

What measures are being taken by regulators to support small and medium-sized enterprises?

What potential risks do analysts foresee if the impact of the coronavirus continues?