Remarks
China’s Economic Recovery Leaves the Bottom 60% Behind
The migrant laborers who lost their jobs received no benefits and aren’t counted as unemployed.
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China doesn’t care about its bottom 60%.
The country seems to have bounced back from the Covid-19 slowdown. Exports are growing by double digits, and retail sales, which had been lagging for months, are back to pre-virus levels. With daily life mostly back to normal, the country seems to be humming again.