Reuters reveals crisis of confidence stifles China's economic recovery | Reuters News Agency
Business & Finance

Reuters reveals crisis of confidence stifles China’s economic recovery

Reuters shed light on how Chinese beef hotpot restaurant chain Baheli, which makes only a third of the revenue it earned before the COVID-19 pandemic, has no intention to resume its expansion, even if authorities bring new infections to zero. The problem, founder Lin Haiping says, is that consumers would not regain their confidence in a hurry, as China’s pursuit of its “zero-COVID” strategy, against a global trend of living with the virus, has upended their lives.

Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Business & Finance
Regions: Asia
Countries: China
Win Types: Overall Coverage
Story Types: Human Interest / Feature
Media Types: Text
Customer Impact: Significant National Story
Customers dine at a restaurant at a shopping area in Beijing, China July 25, 2022. REUTERS/Tingshu Wang
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