Zero covid has inflicted devastating economic pain. Unemployment is surging

Zero covid has inflicted devastating economic pain. Unemployment is surging.
Migrant workers tell me they’re struggling to find work.
Countless small business can’t survive.
Victims of Henan bank runs tell me they may have lost entire family’s life savings @CNN @OutFrontCNN

Visited a labor market in Beijing where one migrant worker told me he’s been standing there for 16 hrs/day, for many days, unable to find work.
He came to Beijing after his factory shutdown in his hometown because of covid @CNN

https://www.cnn.com/videos/business/2022/07/15/china-economy-covid-wang-henan-bank-pkg-intl-hnk-vpx.cnn/video/playlists/business-news/

A victim of the Henan bank run tells me he may have lost all of his family’s savings of millions of RMB. Just had a young baby. Says he’s losing weight, losing his mind.
Has traveled to Henan several times to protest & was roughed up by police.
Now hopes to move overseas @CNN

Originally tweeted by Selina Wang (@selinawangtv) on July 16, 2022.

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