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Coronavirus: US firms in China struggling with plunging demand, travel disruptions as pandemic fallout continues

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[unable to retrieve full-text content]Nearly two thirds of US companies operating in China are struggling with travel disruptions and many have recorded a sharp deterioration in demand, a new survey showed on Wednesday, as the economic damage from coronavirus pandemic casts an increasingly gloomy spell over the global economy.Some 68 per cent of 119 mostly multinational companies surveyed in March said they were still facing domestic travel disruptions, while half were experiencing significant revenue declines, a rate nearly double…

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[unable to retrieve full-text content]
Nearly two thirds of US companies operating in China are struggling with travel disruptions and many have recorded a sharp deterioration in demand, a new survey showed on Wednesday, as the economic damage from coronavirus pandemic casts an increasingly gloomy spell over the global economy.Some 68 per cent of 119 mostly multinational companies surveyed in March said they were still facing domestic travel disruptions, while half were experiencing significant revenue declines, a rate nearly double…

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