US companies say the coronavirus outbreak could cut China revenues by 50%

Some US companies are bracing for the revenue they make in China to be cut in half if the novel coronavirus outbreak extends into the summer.

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Nearly half of US companies in China expect revenue from the country to fall this year if businesses can't return to normal before the end of April, according to a survey by the American Chamber of Commerce in China conducted earlier this month. And about a fifth of US companies said 2020 revenue from China will plummet by more than 50% if the epidemic extends through the end of August.

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