COVID-19

China has experienced a strong recovery from the economic impact of COVID-19 due to its ability to manage the containment of the virus. China’s health QR code and stringent quarantine measures have meant that it effectively controlled the virus in the second half of 2020 and into 2021. As a result, it was one of the few countries to experience positive GDP growth last year with its economy expanding 2.3%. Nonetheless, COVID-19 is still affecting Chinese consumers’ ability to travel which has resulted in a booming domestic tourism industry and duty-free paradise Hainan becoming a shopping haven. Dao Insights keeps you up-to-date with all of the latest updates about COVID-19 in China and how it is affecting all aspects of the economy and global business.