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Under current pandemic control measures, China’s unemployment situation could get as bad as 2020 when as much as 12 per cent of the working population was jobless, academics warn.
Shanghai is slated to come out of strict two-month COVID lockdown. The ongoing COVID surge in China, and resulting lockdowns, continue to put pressure on supply chain, operations of many large automakers. In Shanghai large automakers saw 75% production decline in April.
Restrictions feed a sense of insecurity among many middle-class Chinese; ‘We are the last generation’
By hampering economic activity, China’s coronavirus controls are doing more damage to average life expectancy than good, a high-profile Chinese professor says.
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