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@ChinaBeigeBook
Anyone recall the last time a McKinsey survey said anything negative about #China?
https://www.consultancy.asia/news/3105/consumer-confidence-returning-in-china-according-to-mckinsey-survey
"So far automakers have done little. 1 said its too soon for his co to step in bc most production has "only been shut down for 2wks." A 2nd said his co is counting on state aid to keep suppliers afloat"
Welcome to the state of supply chain decisionmaking
https://www.ft.com/content/e1b2f728-77f1-11ea-af44-daa3def9ae03
"Nearly half a million firms in #China shut shop due to the #coronavirus pandemic...Local media in China quoted data from Tianyancha, a commercial database that compiles public records, to say that 460K firms closed permanently in Q1"
https://www.hindustantimes.com/world-news/nearly-half-a-million-companies-in-china-shut-shop-as-covid-19-batters-economy-report/story-I5UVjndw8U7836wSyUogcO.html
About Cbb
We Guide Your China Strategy
China Beige Book provides institutional investors and corporate decision-makers with market leading insights derived directly from our nationwide proprietary data on the Chinese economy.
CBB IN THE News
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