effect of covid 19 in the chinese economy
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China’s economic picture sure looks a lot like the past. Exports and industrial production are moving ahead, and the government has big plans for infrastructure spending. Shoppers have taken a back seat, constrained by social distancing and job losses. Not so long ago, consumers were seen as the vanguard of a rebalanced economy, which grew to become the world’s second largest. Relying on shipments abroad, factories and massive public works was considered passe.
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