A woman in a protective mask walks along a street in Wuhan, the epicentre of the coronavirus outbreak. Photo: Xinhua

China offers force majeure escape clause for factories that breach supply contracts as coronavirus shutdowns leave assemblies idle

  • The agency that promotes China’s foreign trade issued a force majeure certificate to the Zhejiang-based manufacturer in a bid to forestall any contractual claims against it
  • The rapid spread of the coronavirus has heightened the risk of contractual defaults by the country’s exporters
Topic |   Coronavirus outbreak

TOP PICKS

A woman in a protective mask walks along a street in Wuhan, the epicentre of the coronavirus outbreak. Photo: Xinhua
READ FULL ARTICLE
Georgina Lee

Georgina Lee

Georgina Lee has been a financial journalist for more than 15 years, having worked for newswires and trade magazines before she joined the Post. She has also previously written research articles on key structured credit themes for a credit rating agency.