An employee works on a machine production line at a factory in Beijing on October 15. While industrial output in China has been hit by power shortages, this shock is likely to be short-lived, unlike the more long-term impact of Covid-19. Photo: AFP
An employee works on a machine production line at a factory in Beijing on October 15. While industrial output in China has been hit by power shortages, this shock is likely to be short-lived, unlike the more long-term impact of Covid-19. Photo: AFP
Aidan Yao
Opinion

Opinion

Macroscope by Aidan Yao

How China can get its economy back on track after the 2021 battering

  • Energy shortages, a shift in focus away from the housing sector, and ongoing uncertainty around Covid-19 are the biggest threats to economic stability
  • To balance short-term economic pains with long-term recovery, more lenient regulatory policies and a ‘two steps forward, one step back’ approach are needed

Aidan Yao
Aidan Yao

Updated: 4:30pm, 1 Dec, 2021

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An employee works on a machine production line at a factory in Beijing on October 15. While industrial output in China has been hit by power shortages, this shock is likely to be short-lived, unlike the more long-term impact of Covid-19. Photo: AFP
An employee works on a machine production line at a factory in Beijing on October 15. While industrial output in China has been hit by power shortages, this shock is likely to be short-lived, unlike the more long-term impact of Covid-19. Photo: AFP
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