China goes back to work

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When China went into lockdown economists thought that its growth trajectory would be v-shaped

Gu Changshi’s job is to persuade companies to invest in Lingang, a wind-swept free-trade zone on the edge of Shanghai, abutting the Pacific Ocean. But over the past two months, as China has battled covid-19, his job has been to ensure basic survival, both physical and corporate. First his agency requisitioned two hotels to quarantine anyone coming to Lingang from virus-hit regions. Then it started offering conditional cash grants to beleaguered companies located there.

Reviving growth involves boosting both supply and demand. Officials schooled in Marxist theory, which emphasises production rather than consumption, have naturally turned first to the former, ie, to ensuring that goods are made. The main problem has been a dearth of blue-collar workers, many of whom went to their hometowns for the spring festival just before the lockdown and have not yet returned. Production hubs along the coast have chartered trains and buses to bring them back.

Measures aimed at preventing another surge of covid-19 have added to the complexities of manufacturing in China. The German manager of an optical-wire factory in Jiangsu province has divided his workers into ten separate units to minimise the risk of cross-infections. The units are kept apart from each other in the factory, the canteen and their dormitories. Such measures are necessary but cumbersome, he says.

China can take some solace in the fact that it relies less on exports than it did during the global financial crisis of 2007-09. But domestic consumption is now far more central to the economy than exports ever were, and it is much curtailed. Retail sales plunged, unsurprisingly, when just about everyone was cooped up at home. People now can move more freely, but many still avoid large crowds. Shops and restaurants are quiet.

 

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Bad idea

The carnival of deaths China has gifted to the world will be written in the history of humankind as the biggest treachery of a Nation against the World.

people do not feel confident all around the world.

Now people have no confidence in made in China.

Idiot news paper.... Do u have any priority..... Now the country the millions have to survive... Talk solutions to that.... China exported this.... Cover that if u have guts.....

Here’s a plan: what if we removed all businesses away from the phantom state and started giving money back to the real 49 states

I thought that I couldn't be disgusted anymore or be more angrier. I suppose that's a common consensus that they have made so much damage that damage word seems to be belittle.

Good article!

We need to stop using Chinese products

西方媒体故意找一些可恶意猜想的图。本质上他们对自己的失败跳脚,又想体面地说自己还是NO.1,天天阴阳怪气的。

Orwell would have liked this.

WE DON'T CARE

What's fuck is that? Why the OMS dont require explications at the China? The China owe explications for the World!!!!

Can you please change the title - पूरी दुनिया को वाट लगा के, China goes back to work !!!!

stereotype picture

🙄🙄🙄🙄

No use of jealousy, The sun still rise from east. The Chinese are still there despites all the western media slanders and attacks.

ChinaLiedPeopleDied WuhanVirusMadeInChina

finally a comment area without blaming indians😂

Now they know it's trajectory will be pear shaped.

Social Distance for lunch break.

The New York Times is really a veteran of double standards. When China does not close the city, they denounce China's improper response; when China closes the city, they denounce China's lack of human rights; when Italy slowly closes the city, they praise Italy's strong response.

Can we talk about this stock picture for a second? Is that their lunch break? WTF China?

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