carnage

Cambodia avoids coronavirus carnage, but faces economic disaster

PHNOM PENH — Cambodia is enjoying a public health success four months after detecting its first coronavirus case, but the pandemic’s impact is setting the stage for an economic disaster in the nation of 16 million.

The country, with one of Southeast Asia’s poorest health systems, has avoided the type of fast-spreading outbreak that has overwhelmed several developed nations.

At the same time, the World Bank has warned the country faces the “greatest threat” to its development in 30 years, predicting the pandemic’s economic fallout could push GDP into a contraction of between 1% and 2.9% this year in what

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China automakers call for stimulus as coronavirus carnage bites

The shine was already coming off China’s auto sector. Then COVID-19 struck, buckling supply chains and hitting sales hard.

Car manufacturer profits plunged 80.2% in the first quarter, more than twice the average industrial profit slump of 36.7%, according to data from China’s National Bureau of Statistics.

Among the most impacted was Hong Kong-listed BAIC Motor, which saw profits plunge 95% year-on-year to 60.84 million yuan ($8.6 million) in the first quarter, company financial records show. U.S. auto giant General Motors saw its branches in China record a 43.3% slump in sales in the same period.

SAIC Motor, China’s largest

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