May 30, 2020

How Covid-19 has taken the shine off China’s sharing economy

Posted by in categories: biotech/medical, economics

Now abandoned bikes are strewn across the streets, the leather-covered massage chairs are empty amid worries over cleanliness and people are ordering more of their daily necessities online and avoiding malls altogether. After weeks of lockdowns and social distancing measures to combat the spread of the virus, many people are asking whether this fabled part of China’s shiny new tech-driven economy will ever recover its former glory.

Experts say that consumer behaviour has changed irrevocably as a result of Covid-19 – and that the sharing economy must adapt.

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