
The Impact of Covid-19 on China’s Economy: A Conversation with Daniel H. Rosen
ChinaPower
00:00
Is China's Strategy About Keeping Businesses Afloat?
Many chinese businesses stopped paying employees in january and february 20 20. When did you see company start paying their employees again? I would imagine this would be a concern for the chinese leadership, given the potential that large scale nemployment may lead to protest and social instability. Debt certainly is not the only problem china has in its economy. And households, i think, are probably better off. Urban households more concerned about whether they're going to be a winner or a loser from this common prosperity focus on redistribution of wealth than ever before.
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