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I have some new data from the Tsinghua U Internet Finance Laboratory for SMEs (up to RMB 100 million turnover). The data are from multiple sources and seem very comprehensive. Here are January, February, and March 2020 sales as percentages of 2019 sales: January 60.8%, February 33.3%, March 41.1%.

Apr 17, 2020
at
6:56 PM