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Coronavirus: over 70 per cent of Chinese businesses will have returned to work by next week, survey shows

From scmp.com

Over 70 per cent of businesses in China will have resumed operations by the start of next week despite the coronavirus outbreak, according to a survey by Chinese recruitment site Zhaopin.com. More than 54 per cent of the 1,644 companies surveyed had already resumed operations after the extended Lunar New Year holiday, with a further 18.9 set to return on Monday, the survey said. But nearly one in five companies in China, or 18 per cent, have adopted a wait-and-see approach to the outbreak and currently have no plans to resume operations, according to the survey. The remaining 8.6 per cent is made up of companies who ... (full story)

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  • Category: Fundamental Analysis