ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter

China economy enters vicious circle as business cuts crush demand

Survival measures by cash-strapped companies mean less money in consumers' wallets

A woman wearing a face mask cleans the entrance of a shop in Beijing on April 17. The coronavirus outbreak has hit China's domestic demand hard.   © Reuters

HONG KONG -- Lured by thriving tourism in his hometown Chongqing in Southwestern China, Li Yi last year used a big chunk of his savings to start a bed-and-breakfast business. But two weeks after his venture kicked off, Li's BnB overlooking the Yangtze River was hit by the coronavirus outbreak, which has killed nearly 4,700 people in China and infected tens of thousands more.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more