China’s A-share listed firms suffered significantly at the beginning of 2020 because of the COVID-19 pandemic.
The QR code system is likely to stay in place after COVID-19 as a new socio-economic norm.
Local governments are ramping up subsidies on cars and housing while Beijing is not delivering a big-bang stimulus.
Four provinces have appointed senior provincial Party and government leaders as “heads of industrial chains” to ensure supply chain stability.
Beijing is concerned about the stability of supply chains and is asking both SOEs and private firms to help.
Beijing bought much fewer goods from the U.S. in Q1, making it impossible to meet the targets written in the phase-one deal.