Skip to content
What you need to know:China Has a Huge Wealth-Gap Problem — and It's Getting Worse
Subscriber Only
Businessweek
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.
relates to China’s Economic Recovery Leaves the Bottom 60% Behind
Illustration: George Wylesol for Bloomberg Businessweek
By

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.