Luxury Retail and the New World Economy after Coronavirus
Right now, commentators are using SARS economic conditions as an allegory for COVID-19 when it's closer to the Great Depression. The wild card to global recovery is whether we can depend on data coming out of China.
The post Luxury Retail and the New World Economy after Coronavirus appeared first on LUXUO.
Not very trust-affirming if the virus has indeed been “contained”
China’s President Xi has been painting. It’s a portrait of China with no new coronavirus infections. It’s a portrait of China as a sanctuary and model of coronavirus containment, even as cases of Covid-19 soar across the US and Europe with a close to 400,000 infected and 17,000 deaths. It’s a painting occasionally punctuated with the odd optic of President Xi Jinping “visiting” Wuhan, ground zero of the Covid-19 outbreak, via video conferencing (prudence!) and then the contrarian declaration that “the virus has been contained” across Hubei province. But there are two Chinas – one perspective of the Middle Kingdom that scared provincial officials want to paint for the CCP party organs and the other is a perspective of China that Xi himself wants to project – which doesn?t necessarily mean the best picture all the time: sometimes he wants transparency (depending on what his realpolitik objectives are); but the fear at the lower levels is too great and so everything is usually distorted. Add diplomats and ministers who have their own pers...
The post Luxury Retail and the New World Economy after Coronavirus appeared first on LUXUO.
Not very trust-affirming if the virus has indeed been “contained”
China’s President Xi has been painting. It’s a portrait of China with no new coronavirus infections. It’s a portrait of China as a sanctuary and model of coronavirus containment, even as cases of Covid-19 soar across the US and Europe with a close to 400,000 infected and 17,000 deaths. It’s a painting occasionally punctuated with the odd optic of President Xi Jinping “visiting” Wuhan, ground zero of the Covid-19 outbreak, via video conferencing (prudence!) and then the contrarian declaration that “the virus has been contained” across Hubei province. But there are two Chinas – one perspective of the Middle Kingdom that scared provincial officials want to paint for the CCP party organs and the other is a perspective of China that Xi himself wants to project – which doesn?t necessarily mean the best picture all the time: sometimes he wants transparency (depending on what his realpolitik objectives are); but the fear at the lower levels is too great and so everything is usually distorted. Add diplomats and ministers who have their own pers...
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