![]() ![]() “We’re still waiting for that to happen.” “We all thought that with the end of zero-COVID, we would get an explosion in consumption,” said Michael Pettis, professor of finance at Peking University’s Guanghua School of Management. But after three years of China’s unyielding “zero-COVID” pandemic policy, which stymied travel, spending and industrial output, authorities are turning to every possible option to bolster economic activity. At that time, the idea of turning to food stalls to jump-start growth was widely panned and soon abandoned. In June 2020, then-Premier Li Keqiang advocated for the “street stall economy” as a way to offset the financial pain caused by the country’s harsh COVID-19 restrictions.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |