The impact of the global spread of the virus, with almost 200 countries and territories having reported cases, could put Chinese small and medium-sized businesses (SMEs) under even greater financial pressure in the coming months. Photo: XinhuaThe impact of the global spread of the virus, with almost 200 countries and territories having reported cases, could put Chinese small and medium-sized businesses (SMEs) under even greater financial pressure in the coming months. Photo: Xinhua
The impact of the global spread of the virus, with almost 200 countries and territories having reported cases, could put Chinese small and medium-sized businesses (SMEs) under even greater financial pressure in the coming months. Photo: Xinhua

Coronavirus: China’s small businesses increasingly desperate to raise cash to stay afloat

  • Small businesses are turning to friends and family for emergency loans as income dries up but rent, worker salaries and loan payments remain
  • University study found over 85 per cent of small businesses had only enough cash to keep going for three months without a regular income

Topic |   Coronavirus pandemic
The impact of the global spread of the virus, with almost 200 countries and territories having reported cases, could put Chinese small and medium-sized businesses (SMEs) under even greater financial pressure in the coming months. Photo: XinhuaThe impact of the global spread of the virus, with almost 200 countries and territories having reported cases, could put Chinese small and medium-sized businesses (SMEs) under even greater financial pressure in the coming months. Photo: Xinhua
The impact of the global spread of the virus, with almost 200 countries and territories having reported cases, could put Chinese small and medium-sized businesses (SMEs) under even greater financial pressure in the coming months. Photo: Xinhua
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