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China’s recovery hinges on consumers – and they’re not spending

Hong Kong | In Shanghai, the famed shopping streets have yet to return to their pre-pandemic hum. Though the harsh coronavirus restrictions that gripped the country finally ended in December, small businesses in the commercial heart of China are still struggling to find a pulse.

“It really still isn’t OK,” said Liu Jun, who has run a flower shop near Shanghai’s famed Jing’an Temple for the last six years – half of which were plagued by unpredictable lockdowns under President Xi Jinping’s strict zero-COVID policy.

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    Original URL: https://www.afr.com/world/asia/china-s-recovery-hinges-on-consumers-they-re-not-spending-20230221-p5cm7s