The relaxing of strict “zero-COVID” standards has been well received by the Chinese public and business community. However, since China stopped requiring testing as a requirement for numerous activities, one Chinese woman is concerned that she or her family may contract the coronavirus COVID-19.
In the second-largest economy in the world, analysts do not anticipate a swift, widespread recovery in consumer spending. For instance, effective Friday, persons in Shanghai no longer need to have a negative COVID test in order to enter restaurants, while Beijing residents are still subject to the requirement. The majority of the employees had returned but there were much fewer clients, according to a spa that reopened on Friday at a mall in central Beijing.
As cautious customers stay at home in the upcoming months, sales of cosmetics, wine, and spirits are expected to continue to fall. Analysts claim that, despite initial difficulties, reopenings are ultimately positive for businesses with ties to China. For instance, fast food companies will be free to resume their planned significant expansions.
You must be logged in to post a comment.