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Asia Insight: 9x13
Businesses Struggling with COVID-19 in Shenzhen
Shenzhen, in Guangdong Province, is the center of China’s IT industry. With a number of novel coronavirus infectees second only to Hubei, its businesses endured a lockdown that was lifted at the end of February. One businessman who operates amusement parks in the province faces a harsh struggle for financial survival. Unable to liquidate his assets and grappling with cancellations from investors, his business is just one of many in Shenzhen that have been destabilized by the virus.
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