The Guardian casts doubts over the extent of China's economic recovery from covid, but the Chinese people don't. Over the weekend, crowds packed a former industrial warehouse in Beijing as the China Fashion Week got underway, with models strutting mask-less on a square runway and guests oblivious to social distancing norms.Similarly vibrant scenes are being seen elsewhere in China as consumers return to cinemas, live performances and restaurants.To many, they indicate a late-summer recovery in Chinese household spending is broadening and propelling the next stage of the economic recovery.Reuters Reuters - Packed bars and mask-less catwalks: With Covid curbs fading, China set for consumption rebound
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
NewDealdemocrat writes March JOLTS report: declines in everything, fortunately including layoffs
NewDealdemocrat writes Manufacturing treads water in April, while real construction spending turned down in March (UPDATE: and heavy truck sales weren’t so great either)
Eric Kramer writes Eric Segall tells us what he really thinks about the Roberts court
Angry Bear writes Supreme Court watchers mollified themselves (and others) with vague promises
The Guardian casts doubts over the extent of China's economic recovery from covid, but the Chinese people don't.
Over the weekend, crowds packed a former industrial warehouse in Beijing as the China Fashion Week got underway, with models strutting mask-less on a square runway and guests oblivious to social distancing norms.
Similarly vibrant scenes are being seen elsewhere in China as consumers return to cinemas, live performances and restaurants.
To many, they indicate a late-summer recovery in Chinese household spending is broadening and propelling the next stage of the economic recovery.
Reuters