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: APAuthorities 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
Topic |   Coronavirus pandemic
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: APAuthorities 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
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