When this correspondent visited Shanghai in the last week of January 2020, the city was all but deserted, its citizens sheltering from an oncoming storm. The glow of streetlamps in the rain revealed only an occasional taxi or midnight jogger.
They were right to hide. Before Covid engulfed the world, it eroded China’s growth story and briefly rattled its politicians. That it bounced back faster than other big economies is due to its efficient handling of the pandemic – after an admittedly rocky start – and strong export data.
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