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China’s smallest businesses are crumbling as costs soar and help fails to arrive, putting national economy at high risk

Summary:
[unable to retrieve full-text content]This is the second part in a series of stories looking at China’s economic outlook in the second half of 2021 as it continues its recovery from a coronavirus-hit 2020.When he invested in a snack shop at a Shenzhen mall nearly two years ago, Wen Tao foresaw a steady stream of customers looking to enjoy his clay-oven-baked crispy flatbreads while perusing the mall’s offerings.Then the coronavirus began ravaging China’s economy, and his customers lost their appetite for spending.“Since the…

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[unable to retrieve full-text content]
This is the second part in a series of stories looking at China’s economic outlook in the second half of 2021 as it continues its recovery from a coronavirus-hit 2020.When he invested in a snack shop at a Shenzhen mall nearly two years ago, Wen Tao foresaw a steady stream of customers looking to enjoy his clay-oven-baked crispy flatbreads while perusing the mall’s offerings.Then the coronavirus began ravaging China’s economy, and his customers lost their appetite for spending.“Since the…

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