China races to contain job losses as coronavirus batters economy
Wed, Feb 19, 2020 - 1:18 PM
During the global financial crisis of 2008 and 2009, about 20 million Chinese migrant workers lost their jobs as exports tumbled. That prompted a huge stimulus package by Beijing that quickly boosted growth but saddled the economy with debt.
[BEIJING] When cameraman Mark Xia returned to his job this month after holidays, the Shanghai video production house where he worked told him to take three months of leave with no pay, as a coronavirus epidemic takes a toll of China's businesses.