Red Ponzi Update: Chinese Businesses Are Running Out Of Time—And Cash

The first quarter is always tough for such businesses in China because of bonuses paid to employees, combined with the long Lunar New Year holiday. The coronavirus has supercharged the problem. ANZ Bank estimates that the quarantine measures will cost corporate China at least 2.6 trillion yuan ($372 billion) in cash flow in the first quarter, while consulting firm Gavekal puts the hit at around 4 trillion yuan.

 

 

 

 

 

 

https://www.wsj.com/articles/chinese-businesses-are-running-out-of-timeand-cash-11583175925?mod=djemheard_t