Coronavirus: China’s small businesses increasingly desperate to raise cash to stay afloat

Describing herself as an ordinary white-collar worker with a stable income based in China’s manufacturing hub of Guangdong, Li Yue was left shocked by phone calls from two friends asking for urgent help to pay rent and salaries for their businesses.“[I am] not any kind of wealthy investor or boss. I’ve known both of them for over a decade and it’s the first time they have asked me for anything. I think their money is just exhausted,” Li said.Her experience underscores a new troublesome aspect…

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