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Analysts continue to call for more aggressive stimulus measures to invigorate the job market, after employees saw salaries suffer their biggest quarterly decline in years across dozens of major Chinese cities.
Nearly three years of snap lockdowns, business upheaval and volatile travel restrictions under China’s stringent zero-Covid policy have pushed people to their mental and financial limits while having an outsized impact on the nation’s economy. With lives and livelihoods on the line, many people are frustrated, angry and confused – pondering the continued validity of an unwavering strategy that was...
This is the third and final part of a series on challenges China faces in its battle against Covid-19. Here, Zhuang Pinghui looks at the impact of its strict pandemic controls on foreign businesses and employees, and by extension its own economy. After three years in Beijing, David Saey, a marketing manager, this week flew home to Belgium and said...