Companies keep the wolf from the door amid layoffs and cratering sales

New data and stricter measures for travelers coming to Beijing are filling in the picture of the economic impact of COVID19 in China. The Caixin/Markit services purchasing managers’ index fell to 26.5 in February, down from 51.8 in January. Simultaneously, the auto industry has suffered an 80% decline in sales in February.

With that as the backdrop, we’re on the line this week with Lipei Zhang, our deputy director in Beijing.

Our music is by Podington Bear under a CC BY-NC 3.0 license.