Many Chinese businesses are struggling from the economic fallout of the coronavirus. Photo: Reuters
Coronavirus: nearly half a million Chinese companies close in first quarter as pandemic batters economy
- Some 460,000 Chinese firms shut in the first quarter amid fallout from the coronavirus
- Registration of new firms between January and March fell 29 per cent from a year earlier
Topic |
China economy
Many Chinese businesses are struggling from the economic fallout of the coronavirus. Photo: Reuters