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Beijing [China]Aug. 26 (ANI): A Tianjin man spends his life savings of 80,000 yuan ($11,785) on selling coffee behind a green Suzuki mini-van in Beijing amid severe economic impact.
China’s economy has been thrown into disarray due to the COVID-19 pandemic, with many key industries such as construction and real estate bearing the brunt of the country’s draconian policies to contain the virus.
According to Gulf Today, Wang Wei, 40, has driven his mobile coffee stand from car trunk fairs to car trunk fairs since June, serving pour-over coffee steeped in a variety of liqueurs.
Hotels, tourism and after-school tutoring have been hit especially hard in the country in the wake of the coronavirus pandemic.
Also read | Global monkeypox cases have fallen by 21%, the WHO said.
According to Gulf Today, Wang abandoned a brick-and-mortar coffee shop in Tianjin when the pandemic first hit in 2020.
This summer, he started running his own mobile coffee stand after car trunk shows in big southern cities such as Chengdu, Chongqing and Guangzhou. Under the extended canopy of Wang’s van, customers relax on camping chairs, and soft lighting at night completes the glamping experience.
“The growing popularity of this car trunk sales market has helped me through the most difficult period,” Wang said, as quoted by the media.
Chinese Premier Li Keqiang said on Tuesday that China’s economy has entered the most difficult stage of stabilization and called on leaders of key provinces to coordinate economic recovery.
According to China’s National Bureau of Statistics, China’s GDP growth in the second quarter of 2022 was exceptionally weak at just 0.4%.
“The economy continued to recover in July, but there were still slight fluctuations. We are now in the most tense stage of economic stabilization, and we must lay a solid foundation for economic recovery and we must not waste time,” Keqiang said at the meeting. Xinhua quoted leaders from Guangdong, Jiangsu, Zhejiang, Henan, Shandong, Sichuan and other provinces.
Keqiang said the response to COVID-19 must be coordinated according to the needs of rebuilding the economy.
“We must act in accordance with the requirements of containing the epidemic, stabilizing the economy, and developing safely,” the Chinese government official said.
Experts say China’s economic slowdown is due to Shanghai’s two-month lockdown, stricter COVID-19 restrictions in other parts of the country and disruptions to manufacturing, logistics and tourism.
In the first quarter of this year, China’s economy grew at an average annual rate of 4.8%. (ANI)
(This is an unedited and auto-generated story from the Syndicated News feed, the body of the content may not have been modified or edited by LatestLY staff)
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