While COVID-19 outbreaks worsen by the hour in the States, life is returning to normal in China….or at least a NEW normal.
People are beginning to come out of their homes to shop, go to restaurants, and let down their guard. All good signs. But there’s still a long way to a full recovery.
I believe China is on that road, with e-commerce faring much better than traditional retail…but a full rebound may take longer given the ripple effects of a global lockdown.
Although we are through the worst, the rest of the world is just now facing reality.
@Finbarr Bermingham and @Su-Lin Tan at the South China Morning Post just published an interesting article about the ramifications that this could have for China’s economy.
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