Ma Xinli has shut four of his clothing stores and expects to close another three by mid-June. Unsold winter stock is now hard to sell, there's no money to buy summer clothing, and rent and staff salaries still need paying.
BEIJING - Ma Xinli has shut four of his clothing stores and expects to close another three by mid-June. Unsold winter stock is now hard to sell, there’s no money to buy summer clothing, and rent and staff salaries still need paying.
Although crowds are returning to the streets and Beijing has rolled out a raft of support measures - pledging to reduce or exempt small firms from social insurance fees and encouraging banks to lend to them - many stores are now closing under the pressure of rent and salaries. “I’m only praying that I won’t lose too much,” he said. “I don’t see any other way to get through this, except for fighting hard to the end.”Beijing is famous for its crispy roast duck, but one restaurant owner, with the surname Li, said he couldn’t fire up his kitchen because the workers he needs to maintain the gas stove were stuck in quarantine.
But the epidemic has proved too much: Zhang handed his keys back to the landlord and is making a living through collecting recycled garbage to sell.Zhang made 42 yuan the day he spoke with Reuters, roughly half of his housing rent of 80 yuan a day.
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