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Reuters – Packed bars and mask-less catwalks: With Covid curbs fading, China set for consumption rebound

Summary:
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

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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



Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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