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.
Economy
China's factories cut pay and workers as exports sputter
From shoes to cars, global demand sapped by pandemic
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
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