China is facing new problems as many Chinese employees return to work after the outbreak of the coronavirus. The Chinese government is having to find middle ground between keeping the virus contained and not allowing the economy to be damaged any further. This week many companies will be opening their doors again and resuming production. With foreign buyers seeing a shortage of Chinese imports, this is creating more stress on firms.
A solution many people are coming up with is working from home. Many workers in the software industry have been given the ability to continue work from their homes in order to lessen the potential exposure of the disease. This would also fix the problem of the growing transportation shortage that people are facing. Workers are having trouble even finding a way to get to work.
The government has assured its people that the containing of the virus is their top priority. However, they are aware production can not be at a stand still for much longer. Encouragement of workers returning to they jobs has increased. Firms must file permission to reopen their doors from the government, which has slowed down production that much more. Returning workers are required to wear masks and have their temperatures checked twice a day as a precaution.
Do you believe containing the virus or unfreezing the economy should take priority? Is there a way to balance both?
https://www.scmp.com/economy/china-economy/article/3050210/china-struggles-balance-coronavirus-containment-economic-cost
2 comments:
In my opinion, the Chinese government needs to create a beneficial and effective balance between these two priorities to advance the societal and economic well-being of the country. Specifically, the Chinese government needs to prevent the economy from slowing further, but they should be careful in not pursuing policies that will accelerate the spread of the virus.
I believe China should prioritize the economy at this point. I like the idea of working at home to help find a nice balance of containing the virus and unfreezing the economy. The companies seem to be executing several precaution to help minimize the spread of the virus. As we begin to learn more about the virus, there will be less risk and fear associated with it.
Post a Comment