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

  • 📰 WSJ
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

United States Headlines News

United States Latest News,United States Headlines

One fifth of survey respondents said 2020 revenue from China would decline more than 50% if the coronavirus epidemic continues through Aug. 30

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.

Nearly half of U.S. companies in China said they expect revenue to decrease this year if business can’t return to normal by the end of April, according to a survey conducted Feb. 17 to 20 by the American Chamber of Commerce in China, or AmCham, to which 169 member...

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

We've been telling you for literally decades to stop doing business with China and to buy American.

Thinking about the important stuff. Who cares if we're dead - what will the stonks be doing?

Time to change store : BRING JOBS HOME NOW

Phhhtttttt..... Looks to me like McDonald’s stock should take a heavy loss tomorrow morning....... (I/we never eat McDonald’s world....you shouldn’t participate either....) 🤟😎

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

New coronavirus cases outside China exceeded those in China for the first time, WHO says'The sudden increases of cases in Italy, the Islamic Republic of Iran and the Republic of Korea are deeply concerning,' Tedros Adhanom Ghebreyesus, director-general of WHO, said.
Source: CNBC - 🏆 12. / 72 Read more »

As its covid-19 epidemic slows, China tries to get back to workThe government has decided that the epidemic is under control to the point that much of the country can go back to work YEAH SURE!JOB'S BELONG BK 2 USA!VIRUS SPREAD FR YOUR🇨🇳CAUSE THE WORLD TROUBLE ONCE AGAIN! OVER&OVER!WE WERE ALL GOOD 40-50 YRS AGO TILL THIS NIGHTMARE CORRUPTED🇨🇳& I M SURE MORE SHALL COME OUR WAY!WE KNOW U WANT USA! JUST MANY DON'T YET& HAVE NOT FOR THE PASS 30YRS!GOD BLESS AMER 👏🏻 It's quite a contradiction between safety and economic consideration here.
Source: TheEconomist - 🏆 6. / 92 Read more »

On the verge of a pandemic, can the world look to China for answers?China is lying about their figures. because they are so afraid of their economy dumping. The cases started going down right after the president there railed about productivity suffering and people needing to go back to work. Check the graphs and statistics. Are U.S. ports still accepting shiploads of sea containers coming in from China every day? Are U.S. stores still stocked with goods Made in China? Or have U.S. ports refused & rejected such cargo ships carrying goods from China? Please report about delhiriots happening in INDIA For last 3 days. News channels here are not critic of the ruling government.
Source: USATODAY - 🏆 100. / 63 Read more »

Globe battles virus as cases multiply outside ChinaSEOUL, South Korea (AP) — Crews scrubbed everything from money to buses, military bases were on high alert and quarantines were enforced Wednesday from a beachfront resort in the Atlantic to a... crampell Nobody made this virus, that’s idiotic and a very bad lie to spread. People are already panicked and to spread lies about this virus Sucks crampell Thank you for citing the WHO as the source of this fake ass news It only proved China is lying
Source: AP - 🏆 728. / 51 Read more »

Pompeo accuses China and Iran of censoring information about coronavirus outbreaksSec. Mike Pompeo accuses the governments of China and Iran of censoring information about the outbreaks in their countries and putting the rest of the world at greater risk of its spread. And he's right! Lock down the borders, now. SecPompeo don’t you think potus sacking your entire pandemic response teams did that ?
Source: ABC - 🏆 471. / 51 Read more »

Hong Kong Bookseller Sentenced By China To 10 Years For Passing 'Intelligence'A Hong Kong bookseller who published critical volumes about Chinese leaders was kidnapped by Chinese agents while vacationing in Thailand in 2015. Now, he's been sentenced to 10 years in prison for providing intelligence to people overseas. This human rights violation shows how non-democratic nations and their leaders greatly fear a free press and free speech. In a democratic nation like the U.S., the leader with autocratic ambition labels any free press criticism as “fake news.” OMG, every time I think the US has gone to hell, I read something like this that illustrates how bad an authoritarian regime can actually be. This sort of thing is what Trump’s aiming at and it’s unconscionable! Hong Kong hasn’t made it yet. StandWithHongKong China_is_terrorist
Source: NPR - 🏆 96. / 63 Read more »