I looked up “China News” into Google and found the South China Morning Post, which had a story on the economy in China–specifically the rising inflation pressures and covid-19 outbreaks. The news site was in English (luckily), so it was very similar to how I get my American news, but, obviously, all the stories and topics were based on South China.
The article discussed how China’s services sector expanded at a slower rate due to rising inflation pressure and new covid-19 outbreaks. The article went on to list some numbers and statistics I didn’t really understand, but did come across that while this data was backed by a private survey, the focus of these statistics were on small firms in costal regions. So, it made me wonder how the statistics were on larger firms. Unfortunately, they did not elaborate on larger firms. It did say services sector is more likely to have a hard time recovering from the pandemic and is more likely to contract covid-19 as a whole. Which is not good for small firms. This situation is similar to how it is in the United States, so there’s a connection between our two countries in that sense.