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Internet friends instead of real-life relationships, online dependence, depression and anxiety are among the pandemic effects noted by researchers.
China sanctions are aiding Chinese equipment companies as HoH growth is 4x greater than non-Chinese equipment companies. Read more here.
Hotel companies and investors were likely to reduce investments in China in the coming years, despite the number of hotels currently under construction reaching a record high in the first quarter of 2022, because of the country’s Covid-19 measures, analysts said.
If China’s disruptive lockdowns persist, they could fuel global inflation, slow the pace of exports shipped from the ‘world’s factory’, and weaken demand in the world’s largest consumer market, economists say.
China’s first quarter economic growth data is expected to reflect pressure from widespread Covid-19 restrictions, with some experts saying a jolt of stimulus is needed to offset more challenges in the second half of the year.