40 of the Most Up-to-date Reports About China During COVID-19
Below are a few most interesting reports about COVID-19 and China.
(1) Survey: Asian consumer sentiment during the COVID-19 crisis by McKinsey
In China, consumer confidence has stabilized, with optimism that the economy will rebound in two–three months rising to 47 percent of respondents in late March from 43 percent the previous month.
Currently, the distribution of COVID-19 in China is beginning to stagnate. Consequently, first lessons can now be drawn from its effects and impacts, serving as a forecast for developments in Europe.
The coronavirus has investors concerned about the prospects for global growth in 2020. The outbreak has spurred many closures and restrictions on movement, which have altered daily behavior en masse and cleared a path for working from home to enter the mainstream.
The impact of the novel coronavirus (COVID-19) is widespread and will likely shape business and consumer behavior for months to come. And while the humanitarian and safety-related aspects of this outbreak are top of mind globally, it’s unquestionable that social distancing, quarantining and staying home will have a significant effect on media consumption, which could rise up to 60%.
(5) COVID-19 impacts on China’s economy and global supply chains: Recent developments and updated assessments by Fung Business Intelligence
As the COVID-19 outbreak and draconian containment severely disrupted the Chinese economy, China’s industrial production contracted at the fastest pace since January 1990 in the first two months of 2020, while fixed asset investment (excluding rural households) and retail sales also fell year-on-year for the first time since records began in the 1990s.
(6) Operating Your China Business During a Crisis and Contagious Disease Outbreaks by China Briefing
Businesses across China were disrupted early this year due to the novel Covid-19 outbreak. The nature of this outbreak has led to some fast-thinking on the part of business organizations throughout the world – who have had to balance the quarantine conditions imposed with the need to resume normal work processes and await resumption of supplies. In this special edition of China Briefing magazine, we identify key concerns for business managers during such crises, including managing a remote workforce, using IT solutions to navigate business operations more efficiently and securely, and addressing the legal risks in case contractual obligations are not satisfied.
(7) What’s now and next in China’s e-commerce sector: A brief account of key things happening now and outlook in the post COVID-19 era by Fung Business Intelligence
COVID-19 is having a severe impact on retailers in China, especially offline retailers. To compensate the suffer in losses offline due to significant drop in foot traffic, many retailers are eyeing the online market– selling online, leveraging digital marketing tools, digitalizing their supply chain, etc. – to weather the crisis. Meanwhile, some leading e-commerce platforms have taken various initiatives to help merchants tide over the challenging times, such as providing financial support and subsidies, and helping them to roll out their online strategies.
(8) How department stores and shopping malls in China ramp up online initiative to mitigate the disruption caused by Covid-19 by Fung Business Intelligence
To sustain their business, department stores and shopping malls have to accelerate the ongoing diversification of sales channels, including going online. They have used multiple online channels and a mix of marketing tactics to support their merchants. This article discusses and evaluates the effectiveness of key online initiatives and strategies such as mini programs, WeChat private groups, live streaming, short videos, O2O delivery services and others. It also envisages the prospects of the sector in the post COVID-19 phase and provides implications for actions.
The novel coronavirus outbreak in China has been in the headlines for some time. In this special report, we look at the potential economic impact of the coronavirus. We offer two scenarios for China’s economy. If the coronavirus could be under control by end-March amid strong government measures to contain the epidemic, we predict that GDPgrowth in 1Q20 will be reduced by 2.0 ppts to 4.0% yoy, but China’s economy will quickly rebound in 2Q20.
China is presently experiencing widespread economic disruption owing to the outbreak of the coronavirus disease 2019 (COVID-19) and stringent government measures to contain it. This in turn is taking a toll on China’s retail and distribution sector. While comparisons are inevitable with the economic toll taken by another coronavirus, SARS (2002-03), the difference for China, now, is that its economic fundamentals are more robust, its retail sector more vibrant, as illustrated by its thriving e-commerce sector, its technology more advanced, and its consumers more resilient. These present ample opportunities for retailers to transform and recover from the loss of business in physical retail.
(11) COVID-19 and China. New Challenges and Opportunities by EqualOcean
The coronavirus pandemic is exposing a dichotomy in the world’s tech economy. Companies such as Zoom are riding a surge in remote working and SaaS, while thousands of businesses with outsized footprints in the real economy are being exposed to a huge rift. Chinese technology firms have played a prominent role in the battle against the outbreak.
(12) COVID-19 Marketing Recovery Best Practice by R3 Worldwide
The extraordinary situation that the world is facing as the result of the coronavirus pandemic is challenging marketers in all industries across the globe. The requirements for social distancing has impacted daily operations, logistics, supply chains, and commerce on a scale the modern world has never experienced before. Being the first country to mobilize against this pandemic, China is approximately three-months ahead of other nations who are only now grappling with measures needed to keep people safe. Companies in China that have closed their doors are beginning to re-open for business and some are showing signs of early recovery.
Since the outbreak of COVID-19, Chinese catering companies have suffered a massive direct impact. The majority of catering companies (particularly SMEs) have faced sharp declines in customer numbers, ruptured asset chains, or other momentous challenges.
(14) Local Gains, International Losses: Impact of the COVID-19 Pandemic on Automotive Brand Performance in China by Reply
Previous epidemics have followed a v-shaped rebound with annual growth rates absorbing the real economy shock. Historically, crises leave a structural legacy on the global economy – which are not always negative. SARS, for example, amplified adoption of online shopping in China – helping to boost Alibaba as China’s number 1 online shopping company.
The COVID-19 outbreak has undoubtedly had a severe short-term impact on the Chinese economy and property market. However, headline indicators of business activity had largely returned to pre-outbreak levels by the end of March, while recent weeks have seen a rebound in real estate leasing and investment demand.
With people reacting to a variety of information sources and with fear and uncertainty at high levels, panic buying, stockpiling, and extreme personal protection measures were understandable in China. Over time, these responses settled down. China has the benefit of sophisticated digital platforms and cashless/online payment systems, as well as a comprehensive home delivery network, all of which supported people under movement restrictions.
(17) Optimism and Anxieties during COVID-19 Outbreak by Ipsos
The outbreak of COVID-19 during the Spring Festival of 2020 has spread all over China, and severely affected industries covering retail, food and beverage, tourism, hospitality, catering etc. The impact of this epidemic is even wider than SARS in 2003. Given changes in consumer behaviors and perceptions, how will the market structure be affected? As a result, how do brands act to respond?
2020 began with a history-altering event – the outbreak of COVID-19. With all continents apart from Antarctica heavily impacted by the pandemic, the entirety of humanity is facing potentially millions of cases and an average death rate over 4%. China was the first nation to experience a major outbreak of the novel coronavirus. Knowledge of the virus is still in its infancy, including its origins and causes. At this time, it is impossible to conclude that it originated in China simply because the first substantial number of cases were identified there. A further discussion of this will follow later in the report.
(19) China’s Spring Back From COVID-19 by Totem
And, as China’s economy gets back on track there are a number of insights for global brands dealing with Covid-19 worldwide:
- China might be the best chance for growth in 2020
- All things online proved to be resilient through the crisis
- The crisis accelerated structural changes already underway
…brands that want to thrive post-recovery need to quickly connect with customers to understand their ‘new normals’ and the new attitudes that have emerged.
COVID-19 sent shockwaves across the world, affecting every person and industry in some way. We’ve seen an unprecedented global impact on the world of sports, particularly due to quick cancelation of all live events. To show how serious this is, for the first time in history, an Olympic Games has been postponed. This has a significant impact throughout our industry felt across broadcast rights, sponsorship deals, gate receipts, and more. The other major issue is the sponsorship dollars, which are seriously under threat. Brands and organisations need to adapt and think laterally to come up with creative ways to survive through this pandemic.
With reports on revenge buying circulating in mainstream media and analysts predicting a second quarter rebound, what digital strategies should international brands consider leveraging in China to ride out the COVID-19 crisis? (Download link at the end of the article.)
In a Covid-19 world and beyond, consumer goods companies need to quickly implement digital strategies.
(23) COVID-19 and the Chinese Hotel Sector by HVS
From the beginning of 2020, Covid-19 spread in China and escalated into a global pandemic, impacting the travel, hotel, and catering industries. HVS’s Shenzhen office combined existing market information and our own survey results, as well as historical data to determine the impact and provide an outlook on the Chinese hotel industry.
(24) 2020 Outlook for the Recovery of Hospitality and Tourism Industries in China After COVID-19 Pandemic by iResearch
Tourism has been seriously affected by the outbreak and the impact of COVID-19 on hospitality and tourism-related industries is obvious. According to user surveys done by iResearch recently, the top 4 industries among the 11 daily consumption industries that are most affected by the outbreak are domestic travel (-0.74), business trips (-0.71), dining out (-0.7) and outbound travel (-0.85).
(25) Impact of COVID-19 Outbreak On New Economy Sectors – An Investment Research Perspective by iResearch
The outbreak of COVID-19 is causing temporary shock to the economy as a whole. Industries closely related with offline activities are more vulnerable and market consolidation is expected to speed up, while industries featuring digitalization are more resilient and even see some upside, which all lead to potential investment opportunities.
(26) 2020 Consumption Trends in China Under The Influence of COVID-19 by iResearch
On the one hand, it is not clear when the epidemic will end. The users’ consumption growth lacks momentum. It will not return to 2019 levels three months after the outbreak as happened after SARS. After the end of SARS in 2003, most industries recovered within 3 months and some even rebounded in just one month.
(27) Slow Recovery as COVID-19 Goes Global by Luohan Academy
This note examines the recent developments in global financial markets, in China’s domestic e-commerce, cross-border e-commerce as well as the progress made in terms of production resumption in the country, which is fundamental for jumpstarting growth.
Among all industries, we can see out-of-home dining, OOH entertainment and travel have been hit worst because people couldn’t leave home. About 75% of surveyed consumers have cancelled all planned spending related to these industries, another 17% reduced their spending. To these industries’ relief, the potential level of rebound spending is also sizable: 82% of respondents said they will resume their cancelled OOH dining spending once the outbreak is over, 78% will resume their cancelled spending on travel and 77% plan to resume OOH entertainment.
Based on the knowledge about COVID-19 that was introduced in the “Novel Coronavirus Pneumonia Diagnosis and Treatment Plan (Provisional; 5th Edition Revisions)” (Note 1), we asked the respondents some of the most relevant knowledge points. Results showed that the overall perception is good (more than 82% answers were correct), only “infected patients must have symptoms”, and “there are no asymptomatic infections” and “COVID-19 infection has high mortality” need to be reiterated and educated among public (correct ratio is about 60%).
(30) How to rebound stronger from COVID-19: Resilience in manufacturing and supply systems by World Economic Forum
The COVID-19 global crisis continues to disrupt manufacturing and global supply chains with severe consequences for society, businesses, consumers, and the global economy. What short term actions do companies take to ensure business continuity and protect employees? How do they prepare for the rebound and increase the resilience in their manufacturing and supply systems? What are forever changes that companies need to adapt to, to ensure long-term success?
Stock markets across the world have dropped significantly in the past two months, with the Dow Jones down 21%, India, France, Germany and the UK down a quarter, Japan down 18% and HK down 10%. The only major stock market to see a gain was China, up 0.2%. Most currencies weakened against the dollar, with the British Pound down 6.3%, the Indian Rupee down 5.2%, the Chinese Yuan down 2.3% and the Euro down 0.4%. Only 9% of the Hurun Global Top 100 saw their wealth increase, 86% saw their wealth decrease and 5% were unchanged.
This guide sets out KPMG’s perspectives on maintaining enterprise-wide resilience and some practical ways in which we are helping to equip clients to tackle not just the current global health crisis but a raft of other fast-moving trends set to shape the business landscape for years to come.
We look at how the coronavirus outbreak is affecting Chinese outbound travelers and airport retail around the world and we offer suggestions for how travel-impacted firms can cope with the disruption. The coronavirus outbreak is set to impact the tourism industry of a number of international popular destinations among Chinese travelers. Assuming there will be no further travel bans, we expect to see the total number of Chinese outbound travelers to drop by 55-60% in the first quarter of 2020.
(34) Looking Over the Precipice. The Potential Impact of COVID-19 on B2C & B2B Media – Initial Perspectives by OC&C
Headlines paint a challenging picture. It’s estimated that ad budgets will decrease by 16% in 2020 due to Covid-19. Numerous leading media companies have made public announcements about their recent financial challenges. Media share prices have dropped significantly and are down approximately 30% so far.
(35) Special Report on the Impact of Covid-19 on Supply Chain by The American Chamber of Commerce South China
(37) COVID-19 and Financial Services in China: Challenges and Opportunities for the Chinese Financial Services Sector by Oliver Wymann
China’s effective response to the COVID-19 outbreak is translating into promising signs of economic recovery. While a short-term downturn is inevitable, with active government stimulus, the country’s long term growth trend remains. As the rest of the global geographies continue to battle the rapid spread of the pandemic, challenges and opportunities abound for the financial services sector. Embracing digitalization, a strategic focus on healthcare, as well as preparedness for recession and risks should be key agenda items for executives.
(38) Consumers and COVID-19: Lessons Europe can learn from China by Mintel
The effects of the novel coronavirus can be felt in almost every country and consumer market around the world, with Europe now serving as the epicentre of the outbreak. In crisis situations like this, it is often difficult to find the time to take a step back and take stock of the broader implications. That’s where Mintel comes in. With global and local category and consumer experts based around the world, Mintel is uniquely positioned to better understand how the COVID-19 crisis is playing out in different regions. In particular, there is a huge amount that Europe can learn from how the situation is evolving in China.
(39) Chinese Consumer Value Index – Corona Update by Trend Buro Avantgarde
Within the duration of nearly two virus- stricken months, the restrained mobility of consumers crippled the majority of industries in China right when the consumption economy should have boomed during the Chinese New Year holiday season. Hence, trends are being recalibrated and many innovative commercial practices have sprung up as paradigms, potentially indicators for other countries when the crisis hits hard there. This report presents frontline observations and a collection of cases for the benefit of companies and decision makers. (Scroll down to the Publications section for the download link and form.)
(40) Opportunities in China post-covid 19 by Qumin
74 slides on China opportunities post-COVID-19, across 10 industries! Travel, luxury, FMCG, online education, healthcare, and more. Featuring trends, insights, and case studies from successful brands.
The epidemic sped up the modernizing and digitizing of traditional businesses, and forced companies to adjust their business models and strategies. And now, it’s time for your brand to adjust its strategy to prepare for the new normal after all this passes.
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