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Business sentiment among Chinese small companies has tumbled to a record low with the vast majority still unable to resume work due to the coronavirus outbreak.
February’s business conditions index, compiled by the Cheung Kong Graduate School of Business (CKGSB) in Beijing, tumbled to 37.3 from 56.2 in January. The lower the reading, the more pessimistic respondents.
“We were psychologically prepared for poor reading for this month, but the actual figures still surprised us,” said professor Li Wei . . .
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