The Covid-19 outbreak has dealt a huge economic blow to China. The country’s supply chains are collapsing, many manufacturing firms have closed down, there is minimal human interaction, and consumer behavior has changed in unprecedented ways.
However, as in all known crises, a lot of new business ideas and opportunities have come out of the prevailing crisis. Online-to-offline commerce (O2O) is on the rise, the demand for 5G has increased, and the need for online education has skyrocketed.
New shopping preferences have necessitated mass changes in China’s labor market. Employers need to hire locals with extraordinary skills and talents; workers with the needed muscle to withstand the harsh realities of the ongoing lockdown and social distancing. [Read more…] about Business ideas emerging in China during Covid-19