Consider this headline for a moment. “Millions of Chinese firms”.
(From Yahoo Finance)
With much of China’s economy still idled as authorities try to contain an epidemic that has infected more than 75,000 people (according to official and largely discounted figures) millions of companies across the country are in a race against the clock to stay afloat.
A survey of small- and medium-sized Chinese companies conducted this month showed that a third of respondents only had enough cash to cover fixed expenses for a month, with another third running out within two months.
(From The Epoch Times)
As of Feb. 25, the Shandong government stated that there were a total of 755 infections in the province. But the internal document showed that 1,992 people had tested positive for the virus via nucleic acid testing as of Feb. 23.
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Author: Nick Sorrentino
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