Finance

China’s economy is still months away from a full recovery, business survey finds

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Containers and trucks at the port of Qingdao, China on February 14, 2019.

Reuters

BEIJING — China has not fully recovered from the shock of the coronavirus pandemic, business leaders said in a survey by the China Beige Book released Tuesday.

After about a year since Covid-19 first emerged in the Chinese city of Wuhan, roughly two-thirds of executives polled by the third-party firm said they don’t expect sales, profitability and hiring to return to 2019 levels until at least three months from now.

China Beige Book conducted more than 3,300 interviews between Nov. 12 and Dec. 11 in its latest quarterly business activity survey.

Credit concerns and trade tensions

For the fourth quarter, the…



Source cnbc.com

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