Masked visitors at a shopping centre in Beijing on May 15. Without a full recovery in consumer spending, China’s economy will struggle as consumption has become a major engine of growth in recent years. Photo: AP
Aidan Yao
Opinion

Opinion

Macroscope by Aidan Yao

Weak demand now stands in the way of China’s economic recovery from the coronavirus crisis

  • With supply disruptions stabilising after the initial plunge in economic activity, China has entered the third phase of its battle to recover from the Covid-19 shock
  • Other countries that are starting to ease their own lockdowns should heed China’s ‘first in, first out’ experience, and expect recovery to be uneven and drawn-out
Masked visitors at a shopping centre in Beijing on May 15. Without a full recovery in consumer spending, China’s economy will struggle as consumption has become a major engine of growth in recent years. Photo: AP
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