Chinese Workers Refuse To Go Back To Work Despite Beijing’s Demands

Chinese Workers Refuse To Go Back To Work Despite Beijing’s Demands

Well, “pick up” may be a bit of an exageration but here it is: the smallest possible increment, yet still more than 50% below where it was on previous years, suggesting China’s economy is running at half of its capacity, which in GDP terms means an epic collapse, a lifetime away from the traditional 6%-7% Y/Y increase.

Ultimately, the core problem China is facing as we explained earlier today, is one of trust: trust by workers that their employers, and certainly the government, has their best interest in mind when it is urging everyone to get back to work. Or lack thereof.

“Our factory is still missing quite a lot of workers, so we can only resume limited production,” said Dong Liu, vice president of a textile manufacturer in Fujian, southeastern China, that employs more than 400 workers. Dong said he applied to the government on Feb. 17 to restart and the inspector came the next day and gave permission. “More and more factories are allowed to reopen this week,” he said, although as they reopen, they find the problem mentioned before: nobody is gullible enough to go back to work. After all why risk it if a return to the place of work with the pandemic still raging means a material chance of a death sentence?

via Chinese Workers Refuse To Go Back To Work Despite Beijing’s Demands | Zero Hedge