China Signals Reserve Ratio Cuts Ahead Amid Virus Outbreak

The State Council meeting, led by Premier Li Keqiang, discussed targeted reserve ratio cuts to aid small companies affected by the virus outbreak. The aim is to lower financing costs and help them resume operations. Expected cuts in the reserve ratio and steps to stabilize trade and investment were highlighted. The government is implementing measures to mitigate the economic impact, including monetary and fiscal policies. China's factories are resuming work but face challenges from global demand reduction and supply chain issues, with increased raw material costs and delivery delays.

What impact has the global spread of the coronavirus had on China's economic recovery?

What specific issues are manufacturers in China experiencing despite resuming operations?