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Consumer-good sales declined by 19 percent in the first quarter Almost one-fifth of the Chinese economy is closed — Trivium China First-quarter China air-passenger traffic slumped by 54 percent Twenty percent of U.S. companies have relocated manufacturing outside China in response to tariff increases — American Chamber of Commerce in China While almost all of Wuhan’s large factories have reopened, only a third of small businesses have. Here, consumers line up to enter the Aeon Mall in Wuhan.
By Dave Smith — April 12, 2020 About 460,000 companies closed in the first quarter.March passenger car sales fell 40.8 percent from a year earlier to 1.08 million units.Travel bookings for the three-day weekend at the beginning of April were up 50 percent over the previous weekend. A Luckin Coffee store in SuzhouCredit: Shwangtianyuan, CC BY-SA 4.0 Quote of the Week The uncertainties and challenges of China’s foreign trade have increased significantly.
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