Selling Frozen Dumplings, Cutting Pay: Chinese Businesses Struggle to Survive Coronavirus

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Hundreds of millions of Chinese citizens have been largely confined to their homes since late January, leading to empty restaurants and retail shops, canceled vacations and closed manufacturing facilities that still have to pay salaries and overhead costs

As the fast-spreading coronavirus has damped sales, hurt worker productivity and halted operations at companies across China, private businesses that make up a large and crucial part of the economy have been among the worst hit.

Even before the latest epidemic, many were feeling the pinch from slowing household-spending growth and banks’ reluctance to lend to businesses not backed by the state. Debt defaults and corporate bankruptcies were rising as regulators closed off funding avenues that many entrepreneurs relied on, such...

 

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A lot of this is the fault of the Chinese Government for hiding and lying about the Virus until it's now a full blown pandemic! I'm so Disgusted by our Politicians and Corporations for ALWAYS Putting Greed ahead fo the good of America! China arrested Drs. who tried to warn public

the virus originated there, seems to be the natural flow of fuckeduppery.

Guess the PS5 won't come out this year

And to think, this was all preventable, especially after lessons learnt from SARS. But knowing the Chinese work culture, these people will rebound stronger than before. It’s just the interim is going to be really painful.

Ignorance and fear can be more damaging than disease

vber 😥💔I hope relief comes for the Chinese people having to suffer and endure this.

We do not confine to our homes here in the USA due to a bunch of perverts reporting a virus that is speculative, 'looking to run people around', see the following two tweets to confirm that there are perverts in who work in government and they lie:

We do not confine to our homes here in the USA due to a bunch of perverts reporting a virus that is speculative, 'looking to run people around', see the following two tweets to confirm that there are perverts in government who lie:

this is pay per view, I guess, or so

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This European company isn’t sugarcoating its coronavirus problemThe maker of Absolut vodka isn't sugarcoating its coronavirus problem. The company cut its annual profit growth outlook as it said China’s coronavirus epidemic was likely to have a “severe” impact on its third-quarter performance. Bullish I was wondering who drank that crap. The Chinese! Probably made there too with the best quality ingredients! 😂 But vodka prevents getting infected by viruses and bacterium 🧐🤔 I speak from experience!
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