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Qiu Xiangjian has only 2 days of feed left for his 40,000 chickens,but all the feed factories had closed. As China shuts down factories,markets&roads to combat coronavirus,small biz owners are desperate.Qiu's chickens are starving this moment. My latesthttps://nyti.ms/36MovHk
“If things can’t resume to normal in two months, we’ll probably have to shut down our business,” said Dadong’s owner, Dong Zhenxiang.Dadong shut all of its 20 + restaurants but two in Beijing. Haidilao, the popular hotpot chain,shut down all of its 550 branches in the mainland.
Xu Zhihua,CEO of sportswear brand Peak,wrote on his Weibo account: “The whole society has come to a standstill with almost zero consumption.”He worries that a lot of small- and medium-size companies won’t be able to pay back their loans. “Then the whole economy will be finished!”
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