CEO of Maersk, the world’s largest container shipping
company, estimates that “factories in China are operating
at 50% to 60% of capacity.”
www.cnn.com/2020/02/20/business/maersk-earnings-coronavirus/index.html
BLOOMBERG: “Chinese Companies Say They Can’t Afford to Pay Workers Now”
A growing number of China’s private companies have cut
wages, delayed paychecks or stopped paying staff
completely, saying that the economic toll of the
coronavirus has left them unable to cover their labor
costs.
h/t dr0id