People sit in massage chairs in a near-empty shopping mall in Guangzhou on April 16. Photo: EPA-EFE People sit in massage chairs in a near-empty shopping mall in Guangzhou on April 16. Photo: EPA-EFE
People sit in massage chairs in a near-empty shopping mall in Guangzhou on April 16. Photo: EPA-EFE
Aidan Yao
Opinion

Opinion

Macroscope by Aidan Yao

China may be heading for a real recession unless it comes up with a forceful policy response

  • China’s industrial activity is recovering from the Covid-19 shutdown, but consumer spending is not. If a lack of demand is indeed slowing China’s economic recovery, Beijing must act fast to avoid a technical recession

People sit in massage chairs in a near-empty shopping mall in Guangzhou on April 16. Photo: EPA-EFE People sit in massage chairs in a near-empty shopping mall in Guangzhou on April 16. Photo: EPA-EFE
People sit in massage chairs in a near-empty shopping mall in Guangzhou on April 16. Photo: EPA-EFE
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