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BUSINESS

U.S. Companies in China Warn 2020 Revenue Could Halve If Coronavirus Persists

Business, Julie Wernau, Published on 28/02/2020

» Some American companies say they could lose as much as half their annual revenue from China if the coronavirus epidemic extends through the summer, as businesses struggle to get boots back on the ground amid travel restrictions and shortages of basic protective gear.

BUSINESS

Chinese Authorities Promote Face Masks, but Some Experts Question Them

Business, Julie Wernau & Stella Yifan Xie, Published on 03/02/2020

» As fear about the deadly new coronavirus spreads in China, face masks have disappeared from store shelves and sold out online. At least two Chinese provinces now require them to be worn in public. Factories that make the masks in China are operating 24 hours a day to meet the demand.

BUSINESS

Luxury Brands Fear Sales Hit as Chinese Shoppers Stay Home

Business, Matthew Dalton & Julie Wernau, Published on 03/02/2020

» The coronavirus outbreak in China is threatening the luxury goods industry with a significant sales hit after a decade of relentless growth fueled by Chinese shoppers.

BUSINESS

From Bangkok to the Boulevards of Paris, Absence of Chinese Tourists Hits Hard

Business, Julie Wernau, Jon Emont & Miho Inada, Published on 31/01/2020

» From the Galeries Lafayette in Paris to the Erawan Shrine in Bangkok, tourist havens are feeling the absence of Chinese visitors, who normally would be flooding the globe during this Lunar New Year.

BUSINESS

Coronavirus Prompts Change of Plan for Chinese Holiday: Stay Home

Business, Julie Wernau, Published on 22/01/2020

» More people in China are staying closer to home during this week's Lunar New Year holiday as a newly identified virus and financial pressures push more to dial back travel plans.