News Snapshot:
Coronavirus News Bloomberg – Three months after it reopened its economy, Wuhan’s uneven recovery offers a glimpse of the hard road back to normality for cities after containing the coronavirus. As of May, factory output, retail sales and exports in the city were nowhere near the same level as last year. That’s even though some factories worked throughout the lockdown and normal activity had resumed by April. Private consumption continued to lag factory production, mirroring the divergence seen across China. The end of Wuhan’s quarantine on April 8 was a triumphant moment for China and an important show of confidence...
