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The Second Virus Shockwave Is Hitting China’s Factories Already

  • European, U.S. firms canceling orders and delaying payment
  • China looking at 10% export contraction in 2020: Macquarie
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China Talks Up Post-Virus Rebound
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​Since last week, emails from foreign clients have been flooding into export manager Grace Gao’s in-box, asking to delay orders already made, putting goods ready to be shipped on hold until further notice, or asking for payment grace periods of up to two months.