The outlook for the world’s second largest economy is brighter as consumer spending picked up after “zero Covid” was lifted. But scars remain from the harsh pandemic restrictions. NYTimes New Year’s Eve https://www.nytimes.com/2023/02/05/business/china-economy-lunar-new-year.html Keith Bradsher Original Source: NY Times >>
Tag Archives: Economic Conditions and Trends
Covid Workers in China Clash With Police Over Unpaid Wages, Layoffs
Companies that reaped windfalls helping the government implement strict ‘zero Covid’ controls are now struggling to pay and keep workers. NYTimes New Year’s Eve https://www.nytimes.com/2023/01/16/world/asia/china-covid-protests.html David Pierson, Keith Bradsher and Muyi Xiao Original Source: NY Times >>
Collateral Damage of China's Virus Policy: Fruit
The closure of Chinese land borders and the tightened screening of goods have driven Southeast Asian fruit farmers into debt. Many have had to abandon their harvest. NYTimes New Year’s Eve https://www.nytimes.com/2022/02/05/world/asia/virus-vietnam-china-fruit.html Vo Kieu Bao Uyen, Sui-Lee Wee and Muktita Suhartono Original Source: NY Times >>
China’s First-Quarter Growth Is Expected to Boom on Paper
The world’s traditional growth engine reported an 18.3 percent leap in the first quarter. But consumers and small business aren’t fully sharing in the spoils. NYTimes New Year’s Eve https://www.nytimes.com/2021/04/15/business/economy/china-economy.html Alexandra Stevenson and Cao Li Original Source: NY Times >>