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The new coronavirus major setback for the Swedish business in China

a decrease in travel, the problems of supply and lower consumer spending due to the new coronavirus, are all factors that weigh heavily on the more than 600 Swe

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The new coronavirus major setback for the Swedish business in China

a decrease in travel, the problems of supply and lower consumer spending due to the new coronavirus, are all factors that weigh heavily on the more than 600 Swedish companies operating in China.

Both in the short-term, and about 3-6 months to assess more than 90 per cent of the companies in their sales and production will be negatively affected, according to a survey conducted by Swedish chamber of commerce in China, Business Sweden carried out during the previous day.

Read more: Beijing's ghost town, in spite of nyårsledighetens-end Link for the graphic

in the small, mid-sized and large companies were represented, with approximately one-third each.

"there is a clear effect of the virus", says Joakim Abeleen, country manager in china for a Business in the vicinity.

the Companies have been moving in the chinese economic environment in which the försurats a lot of effort in because of the virus. In particular, the hard-hit areas such as travel, automotive, entertainment, restaurant, and the food industry and the retail sector. In comparison with the nyårsveckan in the last year of travel has decreased by 75 per cent, the tourism sector, with 95 per cent, of biografbesök to 95%, and consumption by 50 per cent.

but the fact is that many people are still working away from home, to online be able to see some of the positive effects. Also, the pharmaceutical industry and the insurance industry can benefit from it.

For the Swedish companies to keep up-to-date and be in a position to quickly change their business plans, says Joakim Albelin. So far, they have, according to the survey, in particular, has been concerned to minimise the impact on the health of the employees. Fewer and fewer have developed a plan to minimize those risks.

with regard to the former, as it is all about the action, which is to re-arrange the employees to work, and sometimes to isolate them in the home, restricting their travel, and the introduction of medical check-ups. As a part of relocating employees.

farther ahead is difficult to predict. It depends a lot on where the virus starts to slow down, and how quickly, the exhaustion, the logistics, and the production is able to get back to normal levels.

the collapse of the communist regime, the challenge is to not lose too much financially, at a time when chinese growth already was on the decline, but still able to fight against the virus.

"the Authorities in balancing the need to contain the virus to kick start the global economy", says Joakim Albelin.

for more information, see the WHO Can be a vaccine against the new coronavirus of 18 months.

, Xi Jinping. Photo credit: Liu Bin/AP

, Xi Jinping, wearing a face mask, and in his first public appearance since the virus really took off in earnest when he was in a residential area in Beijing, china. According to data provided to Reuters, will Xi, the new york times, in a week, at a meeting of the politburo, have warned that the measures, in order to limit the virus has gone too far and is detrimental to the economy. In what could be interpreted as concern about the economic impact, he called on the local leaders to refrain from further restrictions.

it has also in the last couple of days have presented a number of measures to support the local economy. Among other companies, also foreign, to apply for a loan at a low interest rate, and have the maturity of the loan. Landlords of the restaurants and shops are being encouraged to grant a deferral in the rental payments.

in the China, tend to be well known in order to make things happen quickly. The virustider, it is not beyond the truth.

"the Companies have to be prepared for orders to take longer than usual," says Joakim Albelin.

it took 1.113 people's lives, and the number of the infected reached over 44,000.

in Hubei province, where the virus broke out, is a major economic hub with major industries. Here is a still of pretty much everything down there, and the more than 50 million people are covered by an insulating sheet.

the Impact is evident throughout the world. For example, last month, Nissan suspended production at one of its plants in Japan on the basis of the parts from China will be delivered. Also, Mitsubishi has temporarily closed its factories in south Korea, due to a shortage of parts made in China.

In Europe, with Fiat and Chrysler, said that the company is contemplating a pause in production at one of its factories due to problems with supplies from China.

for more information, see Its stop the parcel to China.

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