Covid-19 hammers China and Hong Kong economies

China’s business environment continues to deteriorate after being hit by the Covid-19 outbreak.  On Wednesday, a survey showed how sales had plunged to their lowest level on record as the services sector was hammered in February. Last month, the independent Caixin/Markit services purchasing managers’ index, or PMI, almost halved to just 26.5 from 51.8 in […]