China Beige Book: Most companies are still under at least a partial lockdown

Dhwani Mehta FXStreet

A quick interview with Bloomberg TV, Leland Miller, CEO of China Beige Book (CBB) discussed the recent results from the firm's survey of business conditions in China, in the face of the coronavirus impact.

Key findings:

Potential for credit defaults.

Most Chinese companies are still under at least a partial lockdown.

31% of their executives say their firms remain closed for business.

Where businesses have opened back up, about 32% of them say they are working from home.

USD/CNH Price Analysis: 61.8% Fibonacci on buyers’ radar

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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