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How China’s tech firms are coping with the coronavirus downturn

Before the outbreak, China’s tech industry was already under pressure from the ongoing trade war with the US, which has seen expansion plans crimped by a tighter funding environment and macro economic slowdown. A rapid rise in the number of unemployed could pose a big challenge for the world’s second-largest economy which has seen growth rates already slow to near three-decade lows.


A growing number of Chinese tech-related companies have adopted ‘self-rescue’ plans as the coronavirus epidemic disrupts their business operations.