Chindia Alert: You’ll be Living in their World Very Soon
aims to alert you to the threats and opportunities that China and India present. China and India require serious attention; case of ‘hidden dragon and crouching tiger’.
Without this attention, governments, businesses and, indeed, individuals may find themselves at a great disadvantage sooner rather than later.
The POSTs (front webpages) are mainly 'cuttings' from reliable sources, updated continuously.
The PAGEs (see Tabs, above) attempt to make the information more meaningful by putting some structure to the information we have researched and assembled since 2006.
Some 460,000 Chinese firms shut in the first quarter amid fallout from the coronavirus
Registration of new firms between January and March fell 29 per cent from a year earlier
Many Chinese businesses are struggling from the economic fallout of the coronavirus. Photo: Reuters
More than 460,000 Chinese firms closed permanently in the first quarter as the coronavirus pandemic pummeled the world’s second largest economy, with more than half of them having operated for under three years, corporate registration data shows.
The closures comprised of businesses whose operating licenses had been revoked, as well as those who had terminated operations themselves, and included 26,000 in the export sector, according to Tianyancha, a commercial database that compiles public records.
At the same time, the pace of new firms being established slowed significantly. From January to March, around 3.2 million businesses were set up, a 29 per cent drop from a year earlier.
Most of these new companies were in traditional centres of economic power, such as Guangdong province in southern China, and close to half of them were in distribution or retail.
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The number of business closures underlines the challenges facing China as it tries to revive its economy, which is at risk of a contraction in the first quarter for the first time since 1976.
“China has managed to get the Covid-19 outbreak largely under control and domestic supply disruptions have now mostly dissipated,” Yao Wei and Michelle Lam, economists from French bank Societe Generale, said in a recent note.
“However, there are signs of lasting damage to domestic demand, and on top of that the external shock resulting from widespread lockdowns in other major economies is arriving fast and furious.”
In Dongguan, a once thriving industrial hub in the Pearl River Delta, rows of empty shops and closed factories are becoming a noticeable feature of the landscape as companies grapple with slumping international demand.
Coronavirus: Chinese companies cut salaries and staff in industries hit hardest by Covid-19
In March, a local export-oriented manufacturer of tote bags and toys in the city, Dongguan Fantastic Toy Company, collapsed after overseas orders dried up, leaving some workers with unpaid salaries, the local labour authority said last month. The government has ordered the factory’s landlord to pay the outstanding wages.
Chinese business owners who can no longer afford to maintain operations face a number of hurdles before they can walk away from a company.
If an insolvent firm wants to cancel its company registration, it needs to go through bankruptcy procedures or show a liquidation report confirming it had no unpaid debt or other obligations.
Once shareholders or creditors file for bankruptcy, it can take months for courts to accept the case, followed by a long process of verification, creditors’ meetings and asset sales, said Li Haifeng, a partner at Baker McKenzie FenXun.
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“I expect a surge shortly after the situation settles down. We know many enterprises are already on the verge of bankruptcy. It’s just that they don’t have to declare or file for bankruptcy immediately,” Li said, adding he had received many queries on the matter in recent months.
Given the costly nature of bankruptcy proceedings, particularly for small businesses
struggling with cash flow or without sufficient assets, the number of bankruptcy filings this year would not be high, said Zhu Bao, a Beijing-based lawyer.
Fears over a growing number of companies going bust also appears to have played some part in Chinese courts rejecting and delaying bankruptcy filings, according to lawyers and official documents.
Creditors who filed on behalf of suppliers that helped contain the coronavirus or companies on the brink of bankruptcy as a direct result of the pandemic usually had their claims knocked back, dozens of court documents filed over the past two months showed.
We know many enterprises are already on the verge of bankruptcy. It’s just that they don’t have to declare or file for bankruptcy immediately – Li Haifeng
The courts in these cases encouraged the creditors to reconcile with the struggling firms and ride out the difficulties.
This – along with disruptions to court proceedings due to virus lockdowns – helped slow the review of bankruptcies in Chinese courts to 1,770 in February and March, from 2,160 filings in January, according to the national enterprise bankruptcy information disclosure platform.
“The delay and rejection of taking corporate bankruptcy cases is certainly intended to keep the economy going. Too many bankruptcies cases do not do much to help economic recovery,” Zhu said.
China’s central leadership has maintained it wants to hit economic targets for this year, even as the country braces for a possible second wave virus outbreak.
The delay and rejection of taking corporate bankruptcy cases is certainly intended to keep the economy going – Zhu Bao
The odds of a first quarter economic contraction for China are growing, however, and economists are debating whether it still makes sense for Beijing to set a specific gross domestic product (GDP) growth target for 2020.
Ma Jun, an academic member of the People’s Bank of China’s monetary policy committee, is one prominent voice that has suggested Beijing drop a set target amid the uncertainty caused by the virus outbreak.
However, others like Yu Yongding, an economist from Chinese Academy of Social Sciences, said it was necessary to anchor the country’s economic expansion, though the government should be realistic about the goal, reported the Beijing-based financial media group Caixin.
Buying and paying for meals and supplies online was already second nature for many Chinese before the Covid-19 lockdown
The supply and delivery networks that were already in place were able to work with the authorities in cities like Wuhan
China’s established home delivery system played an important role in getting food and other necessities to residents during the Wuhan lockdown. Photo: EPA-EFE
When Liu Yilin, a retired middle schoolteacher in Wuhan, first heard rumours of a
and shoppers flooded to the markets and malls to snap up supplies.
But as time went on and with residents banned from leaving their homes, he became increasingly concerned about getting hold of fresh supplies of vegetables, fruit and meat until the nation’s vast network of delivery drivers came to the rescue.
“It was such a relief that several necessity purchasing groups organised by community workers and volunteers suddenly emerged on WeChat [a leading social media app] days after the lockdown,” Liu said. “China’s powerful home delivery service makes life much easier at a time of crisis.”
Hu Xingdou, a Beijing-based independent political economist said: “Home delivery played a very important role amid the coronavirus outbreak. To some extent, it prevented people from starving especially in cases when local governments took extreme measures to isolate people.”
According to Liu, people in Wuhan during the lockdown had to stay within their residential communities, with community workers guarding the exits.
Human contact was limited to the internet. Residents placed orders online with farmers, small merchants or supermarkets to buy daily necessities, and community workers helped distribute the goods from deliverymen.
Every morning, Liu passed a piece of paper with his name, phone number and order number to a community worker who would collect the items from a courier at the gate of the residential area.
Thanks to a high population density in urban areas, affluent labour force and people’s openness to digital life, China has built a well-developed home delivery network.
Extensive funding from technology companies has been invested in hardware infrastructure, software to improve logistics and big data and cloud computing to help predict consumers’ behaviour.
Mark Greeven, professor of innovation and strategy at IMD Business School in Lausanne, Switzerland, said: “Whether it is delivery of products, air parcels or fresh food or even medicine or materials for medical use, China has a very well developed system. Much better developed than I think almost any other places in the world.
“Well before the crisis, China had started to embrace digital technology in daily life whether it is in consumption, business, government and smart cities and use of third party payments. All of these things have been in place for a long time and the crisis tested its agility and capability to deal with peak demand.”
China’s e-commerce giants help revive sales of farm goods from Hubei
3 Apr 2020
According to e-commerce giant JD.com, demands for e-commerce and delivery services spiked during the outbreak of Covid-19, the illness caused by the new coronavirus.
It sold around 220 million items between January 20 and February 28, mainly grains and dairy products with the value of beef orders trebling and chicken deliveries quadrupling compared with a year ago.
Tang Yishen, head of JD Fresh, its fresh foods subsidiary, said: “The surge of online demand for fresh merchandise shows the pandemic helped e-commerce providers further penetrate into the life of customers. It also helped upstream farm producers to know and trust us.”
Meituan Dianping, a leading e-commerce platform, said its grocery retail service Meituan Instashopping reported a 400 per cent growth in sales from a year ago in February from local supermarkets.
The most popular items ordered between January 26 and February 8 were face masks, disinfectant, tangerines, packed fresh-cut fruits and potatoes.
The food delivery service Ele.me said that, between January 21 and February 8, deliveries of frozen food surged more than 600 per cent year on year, followed by a nearly 500 per cent growth in delivery of pet-care products. Fresh food deliveries rose by 181 per cent while drink and snack deliveries climbed by 101 per cent and 82 per cent, respectively. Ele.me is owned by Alibaba, the parent company of the South China Morning Post.
Chinese hotpot restaurant chain adapts as coronavirus fears push communal meals off the menu
E-commerce providers used the opportunity to show goodwill and improve their relationship with customers and partners, analysts say.
Sofya Bakhta, marketing strategy analyst at the Shanghai-based Daxue Consulting, said the food delivery sector had made significant headway in reducing physical contact during the outbreak.
Delivery staff left orders in front of buildings, in lifts or temporary shelters as instructed by the clients as most properties no longer allowed them inside.
Some companies also adopted more hi-tech strategies.
In Beijing, Meituan used self-driving vehicles to deliver meals to contactless pickup stations. It also offered cardboard boxes to be used as shields aimed at preventing the spread of droplets among its clients while they ate in their workplaces. In Shanghai, Ele.me employed delivery drones to serve people under quarantine in the most affected regions.
Some companies even “shared” employees to meet the growing labour demand in the food delivery industry that could not be satisfied with their ordinary workforce, Bakhta said.
More employees from restaurants, general retail and other service businesses were “loaned” to food delivery companies, which faced manpower shortages during the outbreak, according to Sandy Shen, senior research director at global consultancy Gartner.
“These arrangements not only ensured the continuity of the delivery service but also helped businesses to retain employees during the shutdown,” she said.
A delivery man takes a break between orders in Wuhan, central China, during the lockdown. Photo: AFP
Mo Xinsheng became one such “on-loan” worker after customers stopped coming to the Beijing restaurant where he worked as a kitchen assistant.
“I wanted to earn some money and meanwhile help people who are trapped at home,” said Mo, who was hired as a delivery man.
But before he could start work he had to go through lengthy health checks before he was allowed into residential compounds.
He also had to work long hours battling the wind and cold of a Beijing winter and carrying heavy loads.
“I work about 10 hours every day just to earn several thousand yuan [several hundred US dollars] a month,” he said.
“Sometimes I almost couldn’t breathe while my hands were fully loaded with packages of rice, oil and other things.
“But I know I’m doing an important job, especially at a time of crisis,” Mo said, “It was not until then that I realised people have become so reliant on the home delivery system.”
Woman uses remote control car to buy steamed buns amid coronavirus outbreak in China
The delivery system has been improved by an effective combination of private sector innovation and public sector coordination, said Li Chen, assistant professor at the Centre for China Studies at Chinese University of Hong Kong.
“[In China,] government units and the Communist Party grass roots organisations have maintained fairly strong mobilisation capabilities to cope with emergencies, which has worked well in the crisis,” he said.
However, Liu, the Wuhan resident, said prices had gone up and vegetables were three times more expensive than they had been over Lunar New Year in 2019.
“There were few varieties that we could choose from, apart from potatoes, cabbage and carrots,” he said.
“But I’m not complaining. It’s good we can still get fresh vegetables at a difficult time. Isn’t it? After all, we are just ordinary people,” he said.
BEIJING (Reuters) – Mainland China reported no coronavirus deaths for the first time since the pandemic began, and a drop in new cases, a day before the central city of Wuhan, where the virus emerged late in December, is set to lift its lockdown.
China had 32 new infections by Monday, down from 39 a day earlier, the National Health Commission said.
For the first time since the commission began publishing nationwide data in late January, Hubei’s provincial capital of Wuhan saw no new deaths, joining the rest of mainland China, which has recorded none since March 31.
Wuhan, a city of 11 million that reported only two new infections in the past fortnight is due to allow residents to leave the city on Wednesday, for the first time since it was locked down on Jan. 23 to curb the spread of the virus.
With mainland China well past February’s peak of infections, authorities have turned their attention to imported cases and asymptomatic patients, who show no symptoms but can still pass on the virus.
Total infections in mainland China stood at 81,740 on Monday with 3,331 deaths, the commission said. It reported 30 new asymptomatic cases, nine involving incoming travellers. Of the new asymptomatic cases, 18 were in Hubei.
By the end of Monday, 1,033 asymptomatic patients were under medical observation.
TIGHTER LAND BORDERS
Overseas arrivals made up all 32 of the new cases with symptoms, down from 38 a day earlier. Total imported infections stand at 983, the commission said.
China faces the “dual risks” of imported infections and domestic cluster outbreaks, a commission spokesman told a briefing on Tuesday.
The northeast province of Heilongjiang reported 20 new cases, all in Chinese citizens returning from neighbouring Russia. It had reported 20 new infections on Sunday, all also cases imported from Russia.
On Tuesday, the Chinese consulate in the Russian city of Vladivostok near the border with China said it strongly reminded Chinese nationals not to return home through the border port of Suifenhe, which is to be closed to all arrivals from Tuesday.
China has shut its borders to foreigners as the virus spread globally, though most imported cases have involved Chinese nationals returning from overseas.
The number of inbound travellers through airports is fewer than 3,000 a day, down from about 25,000 in late March, before China slashed the number of international flights.
It also started testing all international arrivals for the virus this month.
BEIJING (Reuters) – Mainland China reported no coronavirus deaths for the first time since the pandemic began, and a drop in new cases, a day before the central city of Wuhan, where the virus emerged late in December, is set to lift its lockdown.
China had 32 new infections by Monday, down from 39 a day earlier, the National Health Commission said.
For the first time since the commission began publishing nationwide data in late January, Hubei’s provincial capital of Wuhan saw no new deaths, joining the rest of mainland China, which has recorded none since March 31.
Wuhan, a city of 11 million that reported only two new infections in the past fortnight is due to allow residents to leave the city on Wednesday, for the first time since it was locked down on Jan. 23 to curb the spread of the virus.
With mainland China well past February’s peak of infections, authorities have turned their attention to imported cases and asymptomatic patients, who show no symptoms but can still pass on the virus.
Total infections in mainland China stood at 81,740 on Monday with 3,331 deaths, the commission said. It reported 30 new asymptomatic cases, nine involving incoming travellers. Of the new asymptomatic cases, 18 were in Hubei.
By the end of Monday, 1,033 asymptomatic patients were under medical observation.
TIGHTER LAND BORDERS
Overseas arrivals made up all 32 of the new cases with symptoms, down from 38 a day earlier. Total imported infections stand at 983, the commission said.
China faces the “dual risks” of imported infections and domestic cluster outbreaks, a commission spokesman told a briefing on Tuesday.
The northeast province of Heilongjiang reported 20 new cases, all in Chinese citizens returning from neighbouring Russia. It had reported 20 new infections on Sunday, all also cases imported from Russia.
On Tuesday, the Chinese consulate in the Russian city of Vladivostok near the border with China said it strongly reminded Chinese nationals not to return home through the border port of Suifenhe, which is to be closed to all arrivals from Tuesday.
China has shut its borders to foreigners as the virus spread globally, though most imported cases have involved Chinese nationals returning from overseas.
The number of inbound travellers through airports is fewer than 3,000 a day, down from about 25,000 in late March, before China slashed the number of international flights.
It also started testing all international arrivals for the virus this month.
(Reuters) – The Utah-based Church of Jesus Christ of Latter-day Saints, also known as the Mormon church, plans to open its first temple in mainland China at a time when Beijing has been clamping down steadily on religious freedoms.
The temple in the eastern Chinese city of Shanghai will help fill a gap left by renovation work since last July at the church’s temple in Hong Kong, Russell M. Nelson, president of the church, announced on Sunday.
He also said seven other temples would open, including one in Dubai, its first in the Middle East.
“In Shanghai, a modest, multipurpose meeting place will provide a way for Chinese members to continue to participate in ordinances of the temple,” Nelson said.
“Because we respect the laws and regulations of the People’s Republic of China, the Church does not send proselytizing missionaries there; nor will we do so now,” he said.
A former cardiac surgeon, Nelson has spent time in China, studied Mandarin and was granted an honorary professorship by China’s Shandong University School of Medicine.
In January, the church sent two planeloads of protective medical equipment to the Children’s Medical Center in Shanghai to help manage the coronavirus outbreak.
No official figure is available for the number of Mormons in China.
China’s constitution guarantees religious freedom but under President Xi Jinping Beijing has tightened restrictions on religions seen as a challenge to the authority of the ruling Communist Party.
The government has cracked down on underground churches, both Protestant and Catholic, and has rolled out legislation to increase oversight of religious education and practices.
Chinese law requires that places of worship register and submit to government oversight, but some have declined to register and are known as “house” or “underground” churches.
The Chinese government formally recognizes five religions: Buddhism, Taoism, Islam, Catholicism and Protestantism.
“Expatriate and Chinese congregations will continue to meet separately. The Church’s legal status there remains unchanged,” Nelson said.
“In an initial phase of facility use, entry will be by appointment only. The Shanghai Temple will not be a temple for tourists from other countries,” he said.
In 2018, the Vatican and China signed an agreement on the appointment of Roman Catholic bishops, a breakthrough on an issue that for decades fuelled tensions between the Holy See and Beijing and thwarted efforts toward diplomatic relations.
Embassy says those flown back must pay for themselves, and praises the US health system, in a departure from the war of words with Washington
More than a million Chinese students remain overseas, but China is on alert against the threat of imported infections
China has drastically cut flights to try to prevent people who arrive from abroad importing the coronavirus. Photo: AFP
Chinese students could be flown home from coronavirus hotspots such as the United States but will have to pay their own expenses, amid efforts by Beijing to persuade some to remain overseas rather than risk bringing the infection with them.
A statement posted on the website of China’s Washington embassy on Monday said that the Chinese government was aware that many school and university students had encountered difficulties in travelling back to China and was taking steps to arrange charter flights for those who needed to return urgently.
With the initial coronavirus outbreak appearing to have been largely contained in mainland China, some Chinese students have travelled home despite soaring air ticket prices and the requirement that those who have been overseas enter quarantine.
Students brought back on charter flights would still need to pay for the ticket and the costs of the mandatory 14-day quarantine upon arrival in China.
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More than 1.6 million Chinese are studying overseas, including about 410,000 in the US. At least 1.42 million Chinese students remained overseas, vice foreign minister Ma Zhaoxu said on Thursday.
Having initially boasted of its success in stopping the virus, Beijing has become notably cautious in recent weeks about welcoming overseas students back home, especially with imported cases continuing to rise.
China’s foreign ministry and its overseas missions have urged students considering travelling home to exercise caution. The embassy in the US issued a notice on Friday speaking highly of the American medical system and its response to the pandemic, in a marked departure from Beijing’s narrative, which has included pinning the blame for the pandemic on the United States.
Friday’s embassy notice also dismissed rumours that Chinese students had been targeted because of the coronavirus during the closures of universities, and pledged help if students had trouble communicating with universities about campus accommodation.
China advises foreign diplomats to stay away from Beijing until May 15
3 Apr 2020
Ma said that most overseas students had heeded his government’s advice and chosen not to go back to China, but an online survey late last month that was cited by Caixin magazine on Saturday showed nearly 60 per cent of Chinese students in the US wanted to return home.
Most of the 4,000 students polled said they were unable to make the trip because of concerns about contracting the coronavirus during the journey and air fares that had more than doubled recently. Both China and the US have drastically cut back long-haul international flights.
After weeks stranded in Peru, 65 Hongkongers return home
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Students under 18 years of age who want to return to China are required by the embassy to register online.
The initial evacuation plan announced on Monday proposed to prioritise school-age children whose parents were not in the US with them. The proposed arrangement appeared to include students from Hong Kong, Macau and Taiwan.
Image copyright GETTY IMAGESImage caption Staff film a tomb sweeping ceremony for a customer
People in China are paying their respects to dead ancestors digitally as the country continues to face the coronavirus outbreak.
The Qingming festival, also known as Tomb Sweeping Day, is usually a time when people visit the graves of friends and family, sprucing up the area and making offerings to their spirits.
But amid fears of another outbreak, the government has advised people to stay away and maintain social distancing.
That’s led to some cemeteries allowing people to come as long as they’ve booked a slot, while others are banning visits completely.
But other companies and burial places have turned to modern technology as they look for ways for families to continue the centuries-old tradition.
Li Quanxi, an official at Beijing’s civil affairs bureau, said: “We want to encourage people to transform social traditions amid the coronavirus outbreak.”
What is Qingming festival?
Qingming festival is one of the most important events in the calendar to commemorate ancestors who are no longer with you.
People clean the graves and burn items such as joss sticks and paper offerings – sometimes quite large ones – to honour the dead and transmit money and other goods to loved ones in the afterlife.
Image copyright AFPImage caption A woman burns incense ahead of the tomb sweeping festival
The tomb sweeping period falls between 28 March and 12 April.
Making offerings online
It is not completely unknown for pay their respects online, however, with the spread of Covid-19, there are now people who have no other option.
“Cloud tomb sweeping” allows people to “virtually” clean graves and make offerings to spirits.
One website providing this service is Heavenly Cemetery. On the surface, the website looks like any usual shopping site, although it also allows people to have their own memorial halls for their loved one so family and friends can join.
Relatives can light a candle, burn money and offer objects such as Chinese rice wine and beer. There is even an option for online tomb cleaning.
Media caption Watch: People pay respect to their deceased pets ahead of Tomb Sweeping Day
Funeral company Fu Shou Yuan International launched its own online tomb sweeping service on 12 March. It operates in more than 30 Chinese cities. In its first week, its website had about 87,000 visitors.
George Chen, whose grandparents are buried in Shanghai, visits their tombs every year but will be marking this year’s Tomb Sweeping Day online for the time being.
He told Shanghai Daily: “Old traditions are deeply rooted, but it is quite understandable because it is a special period. I will pay virtual respect and visit the scene once the epidemic ends.”
Getting someone to do it for you via livestream
While taking part in “cloud tomb sweeping” does mean you get to send offerings, it does not include the physical cleaning of a loved one’s tomb.
So some burial spots are now offering relatives a chance to watch a member of staff clean the tomb via a live stream. Others will send you photographs of the cleaned grave.
One cemetery in Shanghai is offering packages where a “valet sweep” starts from as little as 35 yuan (£4).
Image copyright GETTY IMAGESImage caption Staff hold a ceremony on behalf of a customer
Babaoshan funeral parlour, in Beijing, also offers live stream services.
Zhou Weihua, deputy director of the parlour, told Chinese news agency Xinhua that live streaming could become a future trend.
“Helping clients sweep tombs and holding online commemorative activities not only meets the demand in this special period but also offers more options for people to remember their deceased family members in the future.”
What about Wuhan?
China reported 3,199 deaths from coronavirus with 2,559 of those in Wuhan, where the first cases were recorded late last year.
The city is still in a lockdown which is expected to end on 8 April, and the government has announced that cemeteries will remain closed until 30 April.
Wuhan’s civil affairs department said it would make “unified arrangements to organise staff at cemeteries to hold a collective ceremony to pay tribute to the deceased”.
BEIJING, April 6 (Xinhua) — Chinese people used mobile payment 3.25 times a day in 2019 on average, according to a report released by Chinese card payment giant China UnionPay.
The report, based on a survey of more than 60,000 people, showed that over 20 percent of respondents used mobile payment more than five times a day in 2019.
Customers involved in the survey spent more than 2,900 yuan (about 408 U.S. dollars) each month on average via mobile payment, up 11 percent year on year, the report said.
The survey, jointly conducted by China UnionPay, 17 commercial banks and 18 payment entities, collected about 62,000 questionnaires, with around 70 percent of the respondents aging between 25 and 45 years old.
Owners of micro and small businesses were the most active users of mobile payment, which had deeper penetrations in scenarios including buses, metro systems, parking lots and gas stations in 2019, the report said.
People also had better awareness of risk prevention, with the proportion of respondents experiencing online fraud and reporting losses down 16 percentage points and 26 percentage points, respectively over one year earlier, said the report.
SHENYANG, April 5 (Xinhua) — Huo Chunlei, who runs a hotpot restaurant in Shenyang, capital of northeast China’s Liaoning Province, said he did not lay off any of his staff, although the restaurant is having difficulties for reopening after two months of closure in China’s nationwide measures of coronavirus control.
A few weeks after Chinese provincial-regions with low risk of the novel coronavirus gradually resumed work and production, shops and eateries have reopened, and roads become bustling again, as hundreds of millions of people confined at home for weeks in compliance with epidemic prevention rules get back to a normal life.
Huo’s restaurant has been in operation for a week. Only half of the tables are filled at dinnertime. The revenue is barely enough to cover the expenses of the house rent and employee wages, he said.
However, he said his business is able to survive because of the government’s bailout policies. For example, the approval of deferred payment of social insurance premiums for his employees alone can save him 80,000 yuan (about 11,250 U.S. dollars) a month.
“The staff are willing to stay, as we are all confident in tiding over the difficulties together,” he said.
The local governments at all levels have rolled out a slew of measures to shore up the catering business, including cutting taxes, reducing house rent as well as water and electricity fees.
The governments in Liaoning, Shandong, Jiangsu and Zhejiang provinces have issued coupons with a value ranging from 10 million yuan to 100 million yuan to encourage people to spend on dining out.
Before the production resumption, there were some consumer councils’ surveys showing that consumers had suppressed consumption desire for dining out and shopping as well as going to movie theaters, gymnasiums and tourist spots after the epidemic crisis ends.
“The so-called retaliatory consumption has not yet appeared in the catering industry, as people are still wary about the infection risk, but there will be a gradual recovery growth,” said Chen Heng, executive director of Hainan Hotel and Catering Industry Association in the southernmost Chinese province of Hainan.
“Before reopening, we increased the distances between tables, but with reduced tables, there are still many empty tables at dinner time. My restaurant used to have all seats full and even queues,” said Huo.
Like Huo, Lin Lunheng, founder of the Fuzhou Super Dinner Co. Ltd. in southeast China’s Fujian Province, is also worried about business.
“Although the chain stores have reopened, revenues have decreased by 70 percent compared with that before the epidemic. This is a big blow to restaurants,” said Lin.
The Italian style chain restaurant has offered e-coupons to draw customers.
As the spring weather is getting more and more pleasant, consumers’ desire for dining out and travel is growing. According to a survey report jointly released by the China Travel Academy and Trip.com Group on March 19, Chinese are longing for tours across the country, with Yunnan, Hainan and Shanghai among the top destinations.
Photo taken with a mobile phone shows cured patients waving goodbye to medical workers before leaving the Leishenshan hospital in Wuhan, central China’s Hubei Province, April 4, 2020. On Sunday, 17 coronavirus-infected patients recovered and were discharged from the hospital. (Photo by Gao Xiang/Xinhua)
CHINDIA ALERT: You'll be living in their world, very soon 