The Chinese economy’s two-speed recovery from coronavirus

The Chinese economy’s two-speed recovery from coronavirus

The Chinese economy’s two-speed recovery from coronavirus

Amanda Wang’s family businesses – a call centre and two restaurants in Beijing – are grappling with a plunge in revenue following the coronavirus outbreak. She imposed a company-wide 30 per cent pay cut on about 120 workers in July even after receiving tax cuts and employment subsidies from the government designed to help companies survive the pandemic.

By Miki