Revenues for small, medium-sized and micro firms at the end of March were 69.5 per cent below the same period last year. Photo: AP Revenues for small, medium-sized and micro firms at the end of March were 69.5 per cent below the same period last year. Photo: AP
Revenues for small, medium-sized and micro firms at the end of March were 69.5 per cent below the same period last year. Photo: AP

Coronavirus: China’s small firms see revenues tumble 70 per cent in March, survey shows

  • Study finds small and medium-sized businesses lost nearly 70 per cent of their income in March due to the coronavirus outbreak
  • Hotels, restaurants and education firms were the hardest by pandemic, Tsinghua University says

Topic |   China economy
Revenues for small, medium-sized and micro firms at the end of March were 69.5 per cent below the same period last year. Photo: AP Revenues for small, medium-sized and micro firms at the end of March were 69.5 per cent below the same period last year. Photo: AP
Revenues for small, medium-sized and micro firms at the end of March were 69.5 per cent below the same period last year. Photo: AP
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