The novel coronavirus outbreak will speed up the reshuffle in cross-border e-commerce in the medium to long term, as the sector faces some difficulties such as a decline in orders, insufficient sources of goods and rising logistics costs, industry insiders said.

Ventilator manufacturers from China are toiling day and night to meet the growing demand for their products, as healthcare workers from across the world search for effective solutions to prevent and cure the novel coronavirus outbreak. Demand has been such that companies have even started roping in front line executives to help in the various stages of production and shipment.

The eastern Chinese city of Hangzhou on Thursday announced a plan to issue e-vouchers worth 1.68 billion yuan ($238 million) to boost consumption hit hard by the novel coronavirus outbreak. The program is designed to encourage local consumers to support the local commercial sector and boost offline consumption, the city government said.

China has issued more than 6,400 force majeure certificates to help companies avoid penalties for not being able to meet contractual obligations amid novel coronavirus outbreak. The China Council for the Promotion of International Trade (CCPIT) has issued 6,454 certificates as of Wednesday, covering a total contract value of 632.1 billion yuan (about $89.42 billion).

Event: The Third Renewable Energy Investors' Meet and Expo (3rd RE-INVEST)

Date: October 14-17, 2020

Venue: Pragati Maidan, New Delhi, India

With cargo trains shipped to Australia, tunnel-boring equipment delivered to Turkey and vehicles sent to Russia, Saudi Arabia and Chile, China's State-owned enterprises have been racing to ensure their exports and supply chains remain robust following recent novel coronavirus-related stoppages.

China will take further steps to boost international airfreight capacity to stabilize supply chains, the State Council's executive meeting chaired by Premier Li Keqiang said on Tuesday.