Cash Only photograph

Cash Only

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Web site www.youtube.com
Initial release USA
Directors Malik Bader
Screenplay Nickola Shreli
ComposersJulian DeMarre
Producers Nickola Shreli
Ele Bardha
Date of Reg.
Date of Upd.
ID619164
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About Cash Only


A slumlord tries desperately to repay cash he stole from a sociopath after his daughter is kidnapped and held to ransom.

Virus credit crunch hits millions of Chinese companies

Feb 16,2020 3:13 am

A Man wearing a mask, a protective face when he made walks in the normally busy shopping street of Wangfujing in Central Beijing

mounting debt, the Chinese enterprises struggle to the workers, and pay suppliers in the midst of the Corona-Virus outbreak.

President Xi Xinping, said on Sunday that China is facing a "big test" to combat The Virus .

The government has asked the banks to provide more credit for an economy that stunned, as The Virus spreads rapidly.

But a survey of small and medium-sized Chinese companies, millions to the brink of survival.

The China Association of Small and Medium-sized enterprises, said that around 60% of the regular payments for only one to two months before you run out of cash can cover.

Only 10% said they could six months or longer.

at The same time, the said industry group, that "almost 60% of companies (surveyed) back to work. "

Small and medium-sized enterprises in China are a particular focus, because they are 60% of the economy and 80% of jobs, according to the People's Bank of China.

Many of the companies and their employees have been on an extended break since the end of January, as China, the week-long New Year 's expanded festival in mid-February and travel in and out of the country was slashed in the fight against the spread of The Virus .

International Monetary Fund Managing Director Kristalina Georgieva , at the weekend, The World 's leading 20 economies meet economies known as the G-20, established warnings echoed by Central banks around The World , that China, The World 's No. 2 economy, a sharp decline in the first quarter of Economic Growth .

The IMF's current baseline scenario sees China's economy back to normal in the second quarter of the year. "But we are also looking for more gloomy scenarios in which the spread of The Virus continue to be drawn to more and more Global, and the effects on growth in length more," Georgieva said.



china economy, coronavirus outbreak, china, wuhan

Source of news: bbc.com

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