E15.cz (Czechoslovakia) published an article on China’s recent growth while other nations are experiencing loss during the COVID-19 crisis. The growth of the Asian power was driven mainly by government investment in infrastructure and efforts to encourage industry. The corona crisis mainly affected around 300 million workers migrating from rural to urban areas. The measures have paralyzed the sectors in which these people often operate, in particular services and retail. Already after the spring wave of the epidemic and the first major lockdown in Wuhan, IFPRI estimated that poor rural households had lost $ 100 billion in income.
China’s growth limits: The countryside has paid for the pandemic, stumbling in a trap of low education (E15.cz)
February 11, 2021