Authorities have responded to calls from President Xi Jinping to restore China’s economic and social activity to pre-coronavirus levels by publishing a new indicator on the ratio of production that has resumed operation. Photo: AP
Authorities have responded to calls from President Xi Jinping to restore China’s economic and social activity to pre-coronavirus levels by publishing a new indicator on the ratio of production that has resumed operation. Photo: AP

Coronavirus: China likely overestimating economic recovery by leaving out hard-hit small businesses

  • Official figures only cover larger firms with an annual turnover of over 20 million yuan (US$2.85 million)
  • Officials on Monday claimed 90 per cent of industrial enterprises in Zhejiang province had resumed operation

Authorities have responded to calls from President Xi Jinping to restore China’s economic and social activity to pre-coronavirus levels by publishing a new indicator on the ratio of production that has resumed operation. Photo: AP
Authorities have responded to calls from President Xi Jinping to restore China’s economic and social activity to pre-coronavirus levels by publishing a new indicator on the ratio of production that has resumed operation. Photo: AP
READ FULL ARTICLE