China’s private sector, the provider of more than 80 per cent of the nation’s urban jobs, has been particularly hard hit by the coronavirus pandemic, as companies struggle with balancing their profitability with a social obligation to maintain jobs, according to a survey by the biggest industry guild.The All-China Federation of Industry and Commerce (ACFIC) said its survey of the country’s 500 largest privately owned companies showed 96 per cent of them being walloped by the deadly coronavirus,…