The Impact of COVID-19 on Manufacturing & Service Industries in China

Haizol. Companies throughout China have had their operations influenced to some degree by COVID-19, with small- to mid-sized service and manufacturing enterprises representing more than 190,000 companies in an over $50 billion market. This analysis report, compiled from both Haizol’s own research and existing databases, provides insight into these sectors within China from January to April 2020. Specifically, it highlights how these SMEs have been affected in the context of the global epidemic, and what strategies they are adopting. It enables to compare the impact on manufacturing vs. service industries, as well as the differences in response strategies. It also reveals the differences in the impact on business operations from mid-term to late term of the epidemic, illustrating the recovery of business owner confidence as they enter Q2. Last, it reports proactive targeted strategies that business managers adopted to aid recovery and bounce back.