For post-COVID China, “stabilizing employment and protecting the livelihood of people” has become the most important economic agenda for the foreseeable future, but how exactly can it be done? Can the “stall economy”, a concept that became popular previously, be a solution to China’s employment and consumption problems?
According to official data, the employment situation in some cities has improved evidently. However, given the very limited information, we feel necessary to see for ourselves how significant the impact of the stall economy is. Therefore, OCA initiated a field research in various regions, including Shanghai, Beijing and the Sichuan Province. Upon returning, we put our field observations and theoretical research together and formed our own conclusions.