One fifth of American companies in China back to normal operations: Survey

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BEIJING (REUTERS) - More than one fifth of American companies in China are back to normal operations after widespread disruptions caused by the coronavirus epidemic, a survey showed on Wednesday (March 25).. Read more at straitstimes.com.

BEIJING - More than one fifth of American companies in China are back to normal operations after widespread disruptions caused by the coronavirus epidemic, a survey showed on Wednesday .

"This is one of the areas that I think provides some sense of optimism," the chamber's president, Alan Beebe, said at a news conference accompanying the survey's release. Half of the 119 respondents to the survey are experiencing revenue declines of over 10 per cent, and 14 per cent reported losing at least a half-million yuan per day as a result of delays to re-opening businesses.

"Longer-term policy measures aren't enough for the little guys," said Greg Gilligan, the chamber's chair, warning that some may not make it long enough to see government support.

 

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