U.S. Companies in China Warn 2020 Revenue Could Halve If Coronavirus Persists

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One fifth of survey respondents said 2020 revenue from China would decline more than 50% if the coronavirus epidemic continues through Aug. 30

Some American companies say they could lose as much as half their annual revenue from China if the coronavirus epidemic extends through the summer, as businesses struggle to get boots back on the ground amid travel restrictions and shortages of basic protective gear.

Nearly half of U.S. companies in China said they expect revenue to decrease this year if business can’t return to normal by the end of April, according to a survey conducted Feb. 17 to 20 by the American Chamber of Commerce in China, or AmCham, to which 169 member...

 

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We've been telling you for literally decades to stop doing business with China and to buy American.

Thinking about the important stuff. Who cares if we're dead - what will the stonks be doing?

Time to change store : BRING JOBS HOME NOW

Phhhtttttt..... Looks to me like McDonald’s stock should take a heavy loss tomorrow morning....... (I/we never eat McDonald’s world....you shouldn’t participate either....) 🤟😎

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 /  🏆 98. in JP

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