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21/05/2020

COVID-19 Guide for British Business

This page consolidates important information for businesses to be aware of during the COVID-19 outbreak. It will continue to be updated on a regular basis and will be hosted on the CBBC website.

Should you have any questions, please contact enquiries@ylsy2011.com
 

HMG Coronavirus Business Support Now Available

UK businesses will be able to access government support from 23rd March to keep operating in the face of the global economic emergency brought on by coronavirus.
  
For small and medium sized businesses, the new Coronavirus Business Interruption Loan Scheme is now available for applications. 
 
The Bank of England’s new lending facility for larger firms – the Covid Corporate Financing Facility - is also open for applications to participate.  
 
to find out how to access the support that has been made available, who is eligible, when the schemes open and how to apply.
 
for details on DIT support and financial support available for UK businesses trading internationally.

HMG, in consultation with industry, has produced a to help ensure workplaces are as safe as possible

DIT has launched a COVID-19 Webinar series to help UK SMEs. Topics will include: Managing overseas agents and distribution, Routes to market, Logistics and movement of goods, Risk management when considering new markets and Managing disruption of supply chains. More information can be found .
 

CBBC China Offices Re-Open 

We are pleased to announce that CBBC’s China offices with the exception of Wuhan and Guangzhou are open. Throughout the Covid-19 outbreak, our team has been working remotely to ensure uninterrupted delivery of our services to members and partners during what has been a challenging time for many.

Our office premises will be open from 10am to 6pm.

The safety of our team is of paramount importance, therefore CBBC Wuhan office will remain closed until further notice and we will continue to monitor the situation across all office locations.

For further enquiries, please contact:


Tel: +86 (0)10 8525 1111
Fax: +86(0)10 8525 1001
Email: enquiries@ylsy2011.com


China Recovery Updates:

21st April 2020 China Recovery Update (ENG)

As the China's Statistical Bureau recorded its first GDP contraction in decades, the fear of a 'second wave' lingers on. 
Read the full report


7th April 2020 China Recovery Update (ENG)
As Western governments are debating possible exit strategies for ending the ongoing lockdown, China is slowly returning to normality. Today, China reported no new COVID-19 related deaths for the first time since January. 
Read the full report .


General Guidance

Official Data & Statistics on Coronavirus in Real-time

  •  (Chinese)

  • (Chinese)
     

FCO China Travel Advice

The Foreign and Commonwealth Office (FCO) is advising British nationals against all non-essential international travel at this time. Existing advice for China remains in place: 

Guidance for UK Nationals in China

Please follow the FCO official WeChat account.
 
Flights & Accessibility (UK - China)
 
Some commercial airlines are still operating; it may become harder to access departure options over the coming weeks.

As of 7th February, the following direct commercial flights from China to the UK were still operating, though some have announced imminent suspensions.


  •  

365bet备用主页British Airways’ issued their on 12 February stating all BA flights to Beijing and Shanghai until 31st March 2020 have been cancelled. All our flights travelling from Beijing and Shanghai have been cancelled until 1st April 2020. Flights to and from Hong Kong remain unaffected.

 

Supporting Relief Efforts

Donations

If your company is able to further support relief efforts both financially and through addressing the shortages of medical supplies being experienced throughout China’s provinces,    (Applicable for companies in the UK and China)
 
UK companies have so far contributed  (as of 2nd February 2020) in funds dedicated to China's tackling of the Coronavirus.

 

Practical Information for Businesses

Policies for Work Resumption and Economic Recovery Following the Covid-19 Outbreak

Click here to view a summary of the policy responses targeting the resumption of work and economic recovery in six Chinese cities: Beijing, Shanghai, Guangzhou, Shenzhen, Hangzhou, Chengdu 

Event / Trade Fair Postponements & Cancellations

The ongoing situation in China has led to a number of trade events and conferences being postponed or in some cases cancelled.
 
This below list consolidates CBBC member events, trade events that have been organised by or in collaboration with our partners and public events for your reference.

Click to read. 
 

Guidance for Remote Working
 

With business continuity a key issue for companies to address at this time, CBBC has produced this on practical software and tools for businesses.

 
Contacting with Chinese Suppliers:
 

Due to the outbreak of COVID-19, many companies are having difficulties communicating with their Chinese suppliers. CBBC through our regional offices can offer our support to members to initiate contact and seek further clarity on their timelines for getting back to normal operational efficiency.
 
365bet备用主页 If this is of interest, please provide contact details of your supplier(s) / partner(s) to a member of our CBBC China team and the following information: 

  • Company / Supplier Name:

  • Location:

  • 365bet备用主页Telephone Number:

  • Main Contact Name:

  • Contact’s Mobile Number:

  • Email:

 
CBBC is monitoring the situation closely and regions are instituting differing responses and policies at this time. When your supplier comes back online will depend on local government regulations, where the employees are coming from and if the factory has taken the appropriate hygiene measures as specified by the government.

Click here for our local office contacts
 

CBBC Insights - General

 

CBBC Outlook (Summary)
 

D
ownload full article (English)

  • 365bet备用主页As the number of new cases continues to climb, the full scale of the outbreak remains to be seen

  • Restrictions on movement and quarantine controls will slow economic activity through February

  • Consensus predicts sharp short-term economic impact with recovery through the rest of 2020

 

Guidance for UK Businesses and Impact on China-UK Trade 
 
  • 365bet备用主页It is necessary first to caveat any predictions with strong warnings about the limitations of the data available and the risks involved in basing forecasts on the experience of SARS and other past emergencies. As its name indicates, the virus which China is currently fighting is novel, new and unprecedented. The outbreak will inevitably run a different course to what we have seen before.

  • 365bet备用主页Nonetheless, experience strongly suggests that tourism, hospitality and related industries such as luxury retail will be the areas most affected. Other sectors such as retail and manufacturing are likely to see a temporary v-shaped downturn followed -- it must be hoped -- by a subsequent fairly rapid recovery to normal levels of activity.

  • Chinese exports may experience a considerable drop, but with every possibility of recovering robustly soon after the virus abates. Imports into the UK will equally experience delays which could cause problems for some manufacturers, especially those which rely on intermediate goods from China.

  • Pharmaceutical companies and medical equipment manufacturers could benefit from increasing demand. We could even see further regulatory changes to China’s healthcare and insurance system in the wake of this outbreak, which could offer new opportunities to UK healthcare companies.

  • 365bet备用主页A number of members have asked for advice on conference call service providers who continue to be able to operate in China. CBBC can offer no endorsement or guarantee in this respect. However we are happy to confirm that at the time of writing we continue successfully to use BizConf CSS (), Arkadin Teleconference and Intercall.

  • We advise all British companies to follow the advice published by the Foreign and Commonwealth Office and local Chinese governments. Some provinces, such as Guangdong, have already published information for foreign nationals.

  • If you need further information or assistance regarding the regulations for specific provinces or cities, please contact enquiries@ylsy2011.com. We are monitoring the situation constantly and will do our best to help our members during this difficult period.
     

CBBC Insights (Regional)

23rd March 2020 CBBC COVID-19 (Coronavirus) Regional Response Update (ENG)
Providing a strong sign that China is continuing to contain the COVID-19 outbreak, Wuhan’s government announced yesterday that people who did not show any symptoms could go back to work.

Please click 

6th March 2020 CBBC COVID-19 (Coronavirus) Regional Response Update (ENG)
Yesterday Hubei Province, where the virus first emerged last year, reported zero new cases for the first time and there are reports that the province-wide lockdown might soon come to an end.

Please click here to view the full report.

28th February 2020 CBBC COVID-19 (Coronavirus) Regional Response Update (ENG)
As the number of reported infections continues to drop, China is beginning to go back to work. Many provinces have already reduced their emergency response level and transport companies have also begun to resume services.

Please click here to view the full report.

21st February 2020 CBBC COVID-19 (Coronavirus) Regional Response Update (ENG)
The second regional update on local policies dealing with the economic fallout of the COVID-19 epidemic. Compared to the previous week, when most policies had just been released, we have obtained a clearer picture of how businesses can receive support from provincial and municipal governments.

Please click here to view the full report.

13th February 2020 CBBC COVID-19 (Coronavirus) Regional Response Update (ENG)

In order to help our members better navigate the confusing array of regional policies regarding the recent COVID-19 outbreak in China, CBBC has assembled reports from our 13 offices in China, and prepared a regional policy report.

Please click here to view the full report.

Business Support

 
The majority of provinces and local governments have announced preferential policies for local and foreign businesses. The most common measures include:
 
1)      Preferential tax and social security policies, with filing deadlines deferred or suspended
2)      Direct financial support for heavily affected businesses
3)      Rent reductions or suspension
4)      Preferential loan and financing support
5)      Reduced utility fees
6)      Bespoke legal and administrative aid
7)      Employment support and special labour regulations regarding quarantined employees
 
 

CBBC Insights (Sector)

As the coronavirus outbreak has had a fundamental impact on China’s economy, many business sectors have been hit in various ways. In order to give our members a better understand of the current situation in their respective business area, we have  prepared this sector update.

Like our Regional Update, the Sector Update will be updated on a regular basis in order to provide you with the most recent information for your China business.

24th February 2020 CBBC COVID-19 (Coronavirus) Sector Update  (ENG).
Please click here to view the full report.

17th February 2020 CBBC COVID-19 (Coronavirus) Sector Update (ENG).
Please click here to view the full report.

 

CBBC Members Insight

Please click here to see a list of insights from CBBC members offering guidance and support to businesses.
 
If you are a member and would like to share your company’s insights on the COVID-19 outbreak, please send details and links to Chloe.Tan@ylsy2011.com.cn

 

Policy Notifications and Government Updates

Please click here to view a compilation of links from the State Council and government ministries reflect policy updates and measures put in place to support businesses mitigate further negative impact from COVID-19.

These will continue to be updated
 

Further Resources

During the critical situation of China’s Coronavirus outbreak, it is important to keep updated with the latest reliable information. China-Britain Business Council ("CBBC") would like to recommend one of our content partners — Caixin’s coverage for your reference.
 

All coverage is CURRENTLY free-to-read in the public interest but will soon go behind a Caixin paywall.
CBBC members can  using the following discount code “CBBC2020”.

 

21/05/2020

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