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China Enterprises Deal with Confidence Crash Amid Coronavirus Outbreak

Joyce Huang

   The coronavirus outbreak will likely take a bigger-than-expected toll
   on China's economy this quarter as the latest business conditions
   index, compiled by the Cheung Kong Graduate School of Business (CKGSB)
   since 2012, dropped to a historic low in February.

   Analysts say, amid a slowing economy, China is already trapped in a
   corporate debt default crisis, which further threatens the survival of
   local businesses especially small- and medium-sized enterprises (SMEs)
   being badly hit by the epidemic.

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