Times Are Tough in China

While most other countries are finally showing the signs of economic recovery from the covid-haunted yesteryears, lockdowns in major Chinese cities, including Shanghai, have extended into April, continuing to bruise the world’s second largest economy. The government-ordered mass tests and lockdown measures across the major cities in the country have caused the fall of financial markets. The already suffering services industry

is suffering the most in the current wave, with more people staying home, either because they are compelled to do so or worried about possible infection when they step out.

On the other hand, the manufacturing sector seems to have suffered less in comparison with the services industry. However, the restrictions on on-road transportation and less traffic in ports have put confined environments in the business segments, especially in the major cities.

It’s pretty clear that the recovery would take time, and smart strategies would reduce it together with leveraging IT,be it services segment or manufacturing. Businesses should keep an even stronger focus on the dynamic technology world and bring home the right technologies to propel the growth factor. In this issue, we are featuring some of the Indian industry leaders in China, who are acing the navigation across different business verticals. Do let us know your thoughts.