CEW UK - Building leaders cosmetic executive women

GREEN SHOOTS – IS RECOVERY IN SIGHT IN CHINA?


COVID-19 broke out in China just before the Chinese New Year holiday in January 2020 and has severely affected businesses, people and society. 

In all cities in China, people took self-imposed home-quarantine for all of February. With the entire country on lockdown, retail sales dipped 20.5%, industrial output declining by 13.5%, and fixed asset investment by close to 25%.

However, as of mid-March, China seems to be on a path of recovery, and business appears to be bouncing back. Analysts expect pent up consumption to contribute to 15% GDP growth in Q2.

Are we finally seeing the green shoots of business springing up in China?

Click here to learn more.