10 industries getting hit hardest by COVID-19
- By Zhang Rui
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E-mail China.org.cn, March 27, 2020
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8. Finance
The financial industry has been affected, and market hedging will have a huge impact on the industry. The financial industry may be damaged later in the future due to rising nonperforming loan (NPL) ratios and falling security trading volumes in the stock market. However, Chinese and worldwide stock markets have witnessed several rounds of big drops.
Also, the epidemic impact on the real economy is reflected in financial markets. Rents, financial expenses, taxes, salaries and inventories are all realities that business owners have to face. When an enterprise has a difficult time, loans and interest owed to a bank come under pressure. China has already put out a series of policies to help enterprises in difficulty.
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