Half of China Firms Had Covid Cases This Month, Beige Books Says

The coronavirus is rapidly spreading across China and hitting production further, with more than half of firms reporting a case among their employees this month, according to a new survey. 

About 53% of companies surveyed by China Beige Book said they’d had a case in their workforce this month. That was more than double the 24% who reported a case in October and the highest level in data back through January last year, according to the report.