China tries to revive economy but consumer engine sputters

[TexasTowelie]

BEIJING — China, where the coronavirus pandemic started in December, is cautiously trying to get back to business, but it’s not easy when many millions of workers are wary of spending much or even going out.

Factories and shops nationwide shut down starting in late January. Millions of families were told to stay home under unprecedented controls that have been copied by the United States, Europe and India.

The ruling Communist Party says the outbreak, which had killed more than 3,340 people among more than 82,341 confirmed cases as of Thursday, is under control. But the damage to Chinese lives and the economy is lingering.

Truck salesman Zhang Hu is living the dilemma holding back the recovery. The 27-year-old from the central city of Zhengzhou has gone back to work, but with few people looking to buy 20-ton trucks, his income has fallen by half. Like many millions of others, he is pinching pennies.

Read more: https://www.news-journal.com/news/business/china-tries-to-revive-economy-but-consumer-engine-sputters/article_ddadf96c-adc1-5d9b-9738-8261b44b7051.html
(Longview News-Journal)

[judeling]

1. BHP Billiton is warning about northern China

This probably means that there are some hotspots and that they have clamped down some.
But that is what the world will have to adjust to for some time. China may get back to 90%, but hat is still a 10% contraction and will have major consequences. That is going to be true around the world.

WE all are in for some real changes.

[uponit7771]

2. K&R, except US controls have not been as stringent as China's