Factories are whirring, new apartments are being snapped up, and more jobs are up for grabs. When China releases its new economic figures on Friday, they are expected to show a remarkable postpandemic surge.
The question is whether small businesses and Chinese consumers can fully share in the good times.
China is expected to report that its economy grew by a jaw-dropping double-digit figure in the first three months of the year compared with the same period last year. Economists widely estimate the number to be 18 percent to 19 percent. But the growth is as much a reflection of the past — the country’s output shrank 6.8 percent in the first quarter of 2020 from a year earlier — as it is an indication of how China is doing now.