AustCham COVID-19 Impact Report – July 2020
AustCham China is proud to release the July 2020 AustCham COVID-19 Impact Report. This is our second COVID-19 Impact Report, and the first to be informed by our new Flash Survey Series. These surveys and reports are used in conjunction with our previous Doing Business in China Reports (DBIC) and ongoing member engagement to help us better advocate for your business through the COVID-19 pandemic and beyond.
Key findings of the report include:
· Revenue outlook has not improved since February, with businesses surveyed further discounting their revenue expectations for 2020;
· “Global travel disruption” is the most prevalent impact of COVID-19 on businesses, affecting 74 percent of respondents; and
· More than half of respondents have benefited from some form of Chinese government assistance (52%).
There is no doubt that businesses around the world are battling through unprecedented times of uncertainty. AustCham will continue to support the Australian business community in China through regular webinars and updates across our social media channels (WeChat/Weibo/email newsletter/LinkedIn) as China’s economic recovery progresses. We encourage you to reach out if there is any way we can help you and your business adjust to the ‘new normal’ more smoothly.
For any inquiries related to the reports or surveys, please contact Daniel Waters (firstname.lastname@example.org).