China's factories cut pay and workers as exports sputter

From shoes to cars, global demand sapped by pandemic

20200415N China workers

People in masks browse job advertisements in Shandong Province on April 8. Many companies have stopped hiring as the coronavirus outbreak saps global demand. © Reuters

YUSHO CHO and TAKASHI KAWAKAMI, Nikkei staff writers

SHANGHAI/GUANGZHOU -- As the coronavirus pandemic squeezes consumption around the world, China's export-reliant businesses have started to freeze hiring and lay off workers in a blow to the country's economy as a whole.

"I go to hiring events every day, but I'm struggling to find a job," said Zhao Wenfeng, a former auto factory worker in Suzhou, a city near Shanghai. Zhao was let go while back home for the Lunar New Year holidays as the virus spread across China.

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