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China’s Greater Bay Area factories struggling as coronavirus takes bite out of 2020 orders

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[unable to retrieve full-text content]Factory owners in China’s Greater Bay Area expect annual orders, sales, hiring and investment to all decline this year largely because of the Covid-19 pandemic, a new survey shows.The pandemic’s impact on demand was the biggest concern among manufacturers, with 58 per cent of more than 190 respondents reporting orders were down by at least a third between March and May, and no near-term improvement on the horizon, according to Standard Chartered Bank’s annual manufacturing survey released late…

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[unable to retrieve full-text content]
Factory owners in China’s Greater Bay Area expect annual orders, sales, hiring and investment to all decline this year largely because of the Covid-19 pandemic, a new survey shows.The pandemic’s impact on demand was the biggest concern among manufacturers, with 58 per cent of more than 190 respondents reporting orders were down by at least a third between March and May, and no near-term improvement on the horizon, according to Standard Chartered Bank’s annual manufacturing survey released late…

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