People line up to enter an Apple store in Beijing on October 23 as the sales begin for the new iPhone 12 and iPhone 12 Pro. China’s economy is recovering and consumer demand is picking up. Photo: EPA-EFE
Opinion
Opinion
Macroscope
What lessons does China’s fast economic recovery from Covid-19 hold for the US and Europe?
- China has rallied resources with carefully placed investments in strategic areas of the economy. Conversely, the US and Europe have relied too much on blanket stimulus to turn things around, with less effect
People line up to enter an Apple store in Beijing on October 23 as the sales begin for the new iPhone 12 and iPhone 12 Pro. China’s economy is recovering and consumer demand is picking up. Photo: EPA-EFE
