China's progress on business resumption on May 14

2020-05-14
Xinhua

BEIJING — Amid further containment of COVID-19, China is powering ahead in returning to work and resuming business and production. The following are the latest facts and figures:

— China's civil aviation regulator has lifted restrictions on the operation of all-cargo flights at Beijing Capital International Airport and Beijing Daxing International Airport.

All airlines can now operate all-cargo flights at both airports, the Civil Aviation Administration of China announced on May 13.

— Beijing will reopen universities from June 6, according to the Beijing Municipal Education Commission on May 13.

Graduating students of colleges and universities can return, on a voluntary basis, to campuses where anti-virus measures have been soundly implemented, according to the commission.

— China's macro leverage ratio has increased in the first quarter as the country stepped up credit support to mitigate the impact of COVID-19, the People's Bank of China said in an online statement.

The rise in leverage is a result of counter-cyclical policies aimed at supporting the resumption of work by companies, the statement said, adding that the increase is only temporary and will eventually trend down after companies resume operation.