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Khanh exhausted because of nCoV

Khanh exhausted because of nCoV 2

Khanh exhausted because of nCoV

Yao borrowed money two months ago to put down $10,000 to rent a five-story building that she envisions turning into a Sichuan food mecca.

`I think the epidemic is limited to Wuhan and will not affect small, remote cities like us very much,` Yao said.

Cleaning staff disinfect a market in Shanghai in February.

Yao plans to transfer the restaurant to minimize losses, but she is worried that no one wants to buy it at this time.

In the context of Covid-19 remaining complicated, Chinese officials and economists cannot help but worry about the devastation that the epidemic is causing to an important part of the economy: Countless medium and large enterprises.

`Only 30% of small and medium-sized enterprises across the country have resumed operations,` Shu Chaohui, an official from China’s Ministry of Industry and Information Technology, said last week.

A February poll conducted by Peking University showed that half of Chinese small businesses would run out of money within three months if they were not operating, and 14% could not survive until mid-March.

40% of small businesses say they cannot bring workers back to the city because of travel restrictions and blockade orders.

The Chinese government is looking for ways to shore up these vulnerable small businesses.

However, according to experts, the effect of current policy measures is still extremely limited when many areas of China are blocked and clouds of confusion still cover.

`If people don’t go out to eat, it not only affects restaurants but also farmers and seafood suppliers. If people don’t buy clothes, cloth makers and textile workers

In recent weeks, a series of Chinese companies have posted notices online apologizing to customers for having to close and apologizing to employees for having to lay off large numbers.

In Shenzhen, a once bustling urban area, Cao Tianfei closed his grilled fish restaurant and had to pay a $36,000 fine for breaking the lease.

`I feel like I abandoned my children,` he said.

Cao said the unexpected developments of Covid-19 ruined all the plans he had made.

In order to limit instability, Chinese leaders are trying every way to reassure the people.

Khanh exhausted because of nCoV

Staff at Yao Tonghua’s restaurant sit idle due to lack of customers.

Across China, a few small businesses are raising hopes of survival through creative measures instead of relying on government bailouts.

Due to an 80% drop in sales, Owspace, a chain of bookstores and cultural spaces popular with the arts and literary scene in urban China, called on book lovers to donate online to

Expats in Beijing recently launched a crowdfunding campaign on the GoFundMe page to raise $330,000 to save the long-standing bakery chain Comptoirs de France.

At an apartment in Wuhan, Zuo Weiwei, an online cosmetics and dietary supplement seller, said congestion and crisis in China’s transportation industry had forced her to shut down.

`Dozens of customers who ordered in advance asked me for a refund,` Zuo said.

Hundreds of boxes of beauty masks and dietary supplements are piled up in her apartment.

`I no longer hope to make a lot of money from online sales. My wish this year is only that my family and I do not get infected,` Zuo shared.

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