View of a semi-deserted commercial street in Beijing on March underscores the financial distress experienced by a majority of respondents in Hurun survey. Photo: EPA-EFE
View of a semi-deserted commercial street in Beijing on March underscores the financial distress experienced by a majority of respondents in Hurun survey. Photo: EPA-EFE
Central banks
Business /  Companies

Chinese businesses are facing a liquidity squeeze as coronavirus outbreak ravages economy with Premier Li Keqiang calling for monetary easing ‘soon’

  • More than half of 480 corporate bosses are grappling with cash crunch after sales dwindled amid viral outbreak: Hurun Report survey
  • Nine in every 10 respondents saw lower sales in February, one-third of them has lost half of their business volume

Daniel Ren
Daniel Ren in Shanghai

Updated: 10:43pm, 12 Mar, 2020

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View of a semi-deserted commercial street in Beijing on March underscores the financial distress experienced by a majority of respondents in Hurun survey. Photo: EPA-EFE
View of a semi-deserted commercial street in Beijing on March underscores the financial distress experienced by a majority of respondents in Hurun survey. Photo: EPA-EFE
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