China’s Greater Bay Area factories struggling as coronavirus takes bite out of 2020 orders

Factory owners in China’s Greater Bay Area expect annual orders, sales, hiring and investment to all decline this year largely because of the Covid-19 pandemic, a new survey shows.The pandemic’s impact on demand was the biggest concern among manufacturers, with 58 per cent of more than 190 respondents reporting orders were down by at least a third between March and May, and no near-term improvement on the horizon, according to Standard Chartered Bank’s annual manufacturing survey released late…

Read the original article at South China Morning Post