Editorial: China’s Economic Recovery Must Focus on People

Caixin Global | Apr 7, 2020 at 5:50 PM
  • China’s economic and social order is gradually getting back to normal as the country returns to work and production.
  • The Covid-19 epidemic has wrought more economic damage than the 2008 global financial crisis, but this damage stems from social distancing measures that have harmed supply chains, endangered cash flows, and disrupted other kinds of activity.
  • On March 31, the State Council — China’s cabinet — expanded financial support for micro, small, and midsized businesses, something that will certainly be of great help to many companies, workers, and families.