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Economy

China’s titanic challenge: curing virus-stricken economy

The government office overseeing efforts to control the spread of the Covid-19 virus has called for an orderly resumption of business, but a full recovery will take some time. With China’s production system relying on millions of migrant workers, factories are struggling to simultaneously repopulate factory floors and limit the risks of contagion.
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25 Feb 2020 10 Mins Read 0 comment
A government worker checks the body temperature of a truck driver at a checkpoint in Huaibei in central China's Anhui province in January. Getty Images
A government worker checks the body temperature of a truck driver at a checkpoint in Huaibei in central China's Anhui province in January.
By Han Wei Yao Tong, a quality inspector at Foxconn’s factory in Shenzhen, never expected his Lunar New Year holiday to drag on for 44 days when he headed home to Hunan in January. Like most of China’s millions of migrant workers, he thought it would be just another week-long family celebration. In the following weeks, the novel
of special treasury bonds to fund investments. “As the outbreak fades, the government will gradually release a batch of easing policies to boost investment and consumption,” said Lu Ting, chief China economist at Nomura International Ltd. But because of limited policy leeway, there is unlikely to be large-scale stimulus after the outbreak, Lu said. ( Source: Caixin Global)
By Han Wei Yao Tong, a quality inspector at Foxconn’s factory in Shenzhen, never expected his Lunar New Year holiday to drag on for 44 days when he headed home to Hunan in January. Like most of China’s millions of migrant workers, he thought it would be just another week-long family celebration. In the following weeks, the novel of special treasury bonds to fund investments. “As the outbreak fades, the government will gradually release a batch of easing policies to boost investment and consumption,” said Lu Ting, chief China economist at Nomura International Ltd. But because of limited policy leeway, there is unlikely to be large-scale stimulus after the outbreak, Lu said. ( Source: Caixin Global)

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