De: Nikkei Asian Review

Subject: Unwanted side effects of corporate survival in China

	Trouble viewing this email? View in a browser
	Asia Daily Briefing - Unwanted side effects of corporate survival in China April 20, 2020

	China economy enters  vicious circle as business  cuts crush demand HONG KONG -- Virus-hit   businesses in China have tried  to hang on by cutting salaries  and laying off workers. But  economists worry that those  self-rescue measures will create  a vicious circle: As workers get  paid less, they will spend less,   weighing on the prospects for  retailers, hoteliers, and other industries.
	Selected for you Southeast Asian startups tighten belt as coronavirus  hits revenue Companies cut marketing and halt expansion to stay afloat Read more Vietnam protests China's new South China Sea districts Move seen as effort to tighten grip on disputed waters amid coronivirus fight Read more Singapore taxi drivers get side gig delivering food  and groceries Coronavirus a new headwind for ComfortDelGro amid fight with Grab Read more South Korea to adopt wristbands for quarantine violators Move meant to help track virus, but critics worry about human rights violations Read more Gojek-Grab battle opens way for US mapping startup StreetCred's point-of-interest spotters fill in blind spots left by Google Maps Read more New Zealand to ease lockdown after 'breaking' coronavirus chain Construction and manufacturing to restart but tourism remains crippled Read more Hong Kong service sector hammered by coronavirus Financial fallout spreads across wide range of businesses, from railways to retail Read more Trump's coronavirus stimulus package tests credibility of dollar US government debt may top World War II levels Read more