Business

One Fifth of American Companies in China Back to Normal Operations: Survey

BEIJING—More than one fifth of American companies in China are back to normal operations after widespread disruptions caused by the coronavirus epidemic, a survey showed on March 25.

Nearly a quarter of the respondents to the survey by the American Chamber of Commerce in China said they expected a return to normal operations by the end of April, although another fifth expect delays throughout the summer.

The outbreak began in the central Chinese city of Wuhan late last year, causing massive disruptions to business operations, supply chains and economic activity.

Half of the 119 respondents to the survey are experiencing revenue declines of over 10 percent, and 14 percent reported losing at least a half-million yuan ($70,784) per day as a result of delays to re-opening businesses.

The survey also highlighted the reliance of American companies on Chinas small and medium-sized businesses (SMEs), which have been slowest to get back to work and are most vulnerable to cash flow disruptions.

“Longer-term policy measures arent enough for the little guys,” said Greg Gilligan, the chambers chair, warning that some may not make it long enough to see government supRead More – Source

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