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

A healthcare worker assists residents at a Covid-19 testing station in Shanghai, on Nov. 28.

A healthcare worker assists residents at a Covid-19 testing station in Shanghai, on Nov. 28.

Source: Bloomberg

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.