Named the reason for the slower recovery of the Chinese economy

Economy China was recovering confidently in March, partially recovering from a collapse in February, when the country was virtually closed due to the coronavirus pandemic, writes The Korea Times, an English-language newspaper in Korea. However, now Celestial Empire has new problems - traditional markets were inaccessible.

As of March 25, the resumption rate of large and medium-sized enterprises was 96,6%. [...] It cannot be said yet that the Chinese economy has completely returned to its normal level in one month. We must continue to monitor changes in the coming months.

- the newspaper cites an excerpt from a message from the National Bureau of Statistics of the PRC.

Nevertheless, in a situation where the global economy is in a tailspin, the restoration of production in the Middle Kingdom may be relatively short. Most analysts, the newspaper notes, expect a protracted recession around the world due to lower demand, as many states close their borders.

Spending weeks to restart the factories, manufacturers in China report a decrease in the number of orders from foreign customers. Thus, it is still very difficult to deliver goods already made to traditional consumers.

In addition, it is reported that in China itself there has been a significant increase in unemployment and the level of consumption has fallen markedly.
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  1. Offline (Alexander) 31 March 2020 16: 57
    There is one option ... Increase domestic demand. But taking into account what kind of game is sometimes offered on Ali Express, it is unlikely to be in demand in the domestic market either.
  2. gorenina91 Offline gorenina91
    gorenina91 (Irina) 31 March 2020 19: 37
    In addition, it is reported that in China itself there has been a significant increase in unemployment and the level of consumption has fallen markedly.

    - China should drop the level of consumption of imported products ... - It has fallen ... or not - it is not known ... - Most likely, those countries that export food to China ... - today will reduce supply volumes (and the price of products should change and grow) ... - For these countries you can not worry ...
    - But for Russia, it’s worth worrying about this and very seriously ... Russia may even increase the supply of meat, grain, rice, dairy products at the same prices ... - In Russia, the price of many products has increased (and which are still being supported by state subsidies ... - but this is not for long for its population). ..- but for China, prices should increase, and volumes should decrease ...

    In the Omsk region, the number of all agricultural animals is again declining. According to Omskstat, in January-February 2020, the number of cows, sheep, pigs, goats and poultry in the region decreased. Thus, the number of cows was reduced by almost 4000 animals, of which 4200 in agricultural organizations. The number of pigs in the region was 35 thousand less. In January-February 2019, there were 457 thousand pigs in the region, and now 422 thousand remain. Sheep and goats decreased by 8 thousand heads. A year ago, these animals in the region totaled 233 thousand animals, now there are only 225 thousand of them left. In agricultural organizations - only 3300 heads. During the Soviet era, so many sheep were usually in the same department of the not the most advanced sheep farm. And there were more than a dozen such state farms in the region.

    - We, Omsk - did not eat anymore (especially since the population of the city of Omsk decreases due to constantly leaving) ... - Well, China has already learned to eat meat ... - Of course, we can be glad that Russia began to export meat abroad ...- even managed to supply beef to Brazil (in which the beef itself is at least heaped) ... - But today the situation has changed a lot ...
    - And so serious changes are needed ...
  3. mor7d Offline mor7d
    mor7d (mor7d) April 2 2020 14: 18
    slower recovery of the Chinese economy

    China was on the verge of crisis, the coronavirus simply overlapped it.
    1. isofat Offline isofat
      isofat (isofat) April 2 2020 14: 20
      Quote: mor7d
      China was on the verge of crisis, the coronavirus simply overlapped it.

      Pervert (Russian language).
      1. mor7d Offline mor7d
        mor7d (mor7d) April 3 2020 13: 04
        Pervert (Russian language)

        It’s not scary, there are still not such perverts, and nothing, no one objects.