East Capital: Coronavirus has dealt the hardest blow to China's small businesses
Whilst Nordea AM expects the Chinese economy to experience a slow rebound, East Capital's Head of Asia says the country's fiscal policies and potential relaxation of home purchase regulations will lend support to East Capital’s exposure to real estate.
Approximately 60 percent of Chinese firms are facing operational difficulties due to the coronavirus, whilst 20 percent of Chinese firms face a temporary suspension and 6 percent may experience bankruptcy, China's Global Times reported last week.
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