China has reopened parts of the economy for business while taking extra precautions, boosted consumer spending and is repairing its international ...
CAUTIOUS LIFTING OF LOCKDOWNS, CONTROLLING RISKS OF SPREAD
People must show a colour-coded verification of their health status, based on questions on their movement history and health declaration on Alipay and WeChat to gain entry into facilities including subways after scanning a QR code. Local authorities have been enlisted in thinking of novel ways to spur growth, which have given birth to interesting approaches, such as the introduction of digital gift coupons to support personal consumption in catering, food delivery and online shopping.
Chinese financial institutions also rolled out support measures for small and medium-sized enterprises , including increasing debt rollovers and providing specific credit lines for the resumption of production. China’s economic recovery will largely hinge on whether the country can arrest the reputational damage caused by the pandemic, after much finger-pointing, concerns over transparency and conspiracy theories suggesting the virus wasIn total, China has dispatched 300 doctors, millions of coronavirus testing kits and thousands of ventilators to Italy, with 1.
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