The Economist - USA (2022-06-11)

(Antfer) #1

44 China TheEconomistJune11th 2022


offset the shortfall during it. 
In  Shanghai’s  case,  that  is  a  tall  order.
Retail  sales  fell  by  almost  half  in  April,
compared  with  a  year  earlier.  From  that
low point, sales would have to grow by al­
most  100%  merely  to  get  back  to  normal.
For  sales  to  exceed  normal  by  as  much  as
they  fell  short  of  it  during  the  lockdown,
they would have to grow by roughly 200%
from trough to peak.
In some categories of spending, such as
cars, refrigerators and other “durable” con­
sumer items, a fairly complete recovery is
imaginable.  Those  who  were  not  able  to
buy in April or May could make their pur­
chase  in  the  summer  instead,  provided
they kept their jobs. That could leave annu­
al  sales  close  to  where  they  would  have
been without the lockdown. To encourage
this  kind  of  catch­up  buying,  Shanghai’s
government  has  increased  the  quota  of
new  car  number  plates  it  will  allow  this
year  by  40,000.  It  has  also  offered  subsi­
dies  for  the  purchase  of  electric  vehicles
and “smart” appliances.
But in many other categories, including
services  and  perishable  goods,  consump­
tion  has  been  forgone,  not  merely  post­
poned. “My hair has not been trimmed for
three  months,”  said  Sheng  Songcheng  of
China  Europe  International  Business
School  at  an  economic  forum  last  month.
“After the lockdown is lifted, it is impossi­
ble  for  me  to  trim  my  hair  three  times  a
month. This lost consumption will be lost
forever.” The same is true of gym trips, res­
taurant meals and weekend revelries. Peo­
ple cannot have thrice as many workouts,
lunches, or weekends to compensate. 
Since  one  person’s  spending  is  anoth­
er’s  income,  weak  consumption  has  also
hurt jobs and pay. Unemployment in Chi­
na’s  biggest  cities  now  exceeds  its  rate  in
early  2020.  Morgan  Stanley’s  survey  arm,
AlphaWise,  asked  more  than  2,000  urban
Chinese  about  their  job  situation.  Over  a
quarter said they or a relativehad received
a pay cut in the past month. 
Moreover,  the  lifting  of  lockdown  has

notentirelyliftedpeople’sfears.Thecon­
sumerexpectationindexbytheNational
BureauofStatisticsfellto 87 inApril,byfar
itslowestpointsince thedata beganin


  1. (Below 100 denotes pessimism;
    above,optimism.)Theworstreadingdur­
    ing the pandemic’s first wave was 115.
    Whenaskedabouttheirspendingplans,
    more peoplesaytheywill cutspending
    thansaytheywillincreaseit(seechart).
    Theonlyexceptionsarespendingongro­
    ceriesandeducation,aspeoplestockup
    theirlardersandminds.Thereis“perma­
    nent scarring on consumer behaviour”,
    saysRobinXingofMorganStanley.
    China’sstate­newsbulletinsstilldwell
    oncoviddeathsabroad.Thathelpscasta
    favourablelightonChina’sowncontain­
    mentpolicies,buthardlyliftsthemood.
    Thosewhoarenolongerscaredofthevirus
    arefrightenedofthelockdownsthatfol­
    lowinitswake.InthemostrecentAlpha­
    Wisesurvey,respondentswereaskedto
    listtheirtopconcernsfortheyear.Forty­
    fivepercentsaid“arelapseofcovid­19in
    mycommunity”.Chinahasvanquisheda
    seriousOmicronwave.Buttheviruscould
    stillcomebackwitha vengeance.n


Sorry, Hermès
China, balance of respondents intending to
increase/decrease spending next month
May 25th-29th 2022, percentage points

Source:MorganStanley Research

-40-60 -20 40200

Luxury products

Entertainment

Consumer electronics

Home appliances

Mortgage/rent

Beauty

Clothing

Eating out and alcohol

Education

Groceries

BeinggayinChina

Pride and


prejudice


“W


hydidI givebirthto  a  monster?”
asks the mother of Huang Shuli in
his  award­winning  documentary  short
film, “Will You Look at Me”. Mr Huang, who
grew up in the coastal city of Wenzhou, has
filmed his mum tending her garden, pick­
ing  flowers  and  swimming  in  the  wild.
There are several dreamy shots of her smil­
ing when she sees him. The audio, though,
is  from  an  anguished  conversation  be­
tween the two about his homosexuality.
It  was  never  easy  to  be  gay  in  China,
where  the  government  cares  little  about
the rights of sexual minorities. lgbtactiv­
ists  were  allowed  some  space  in  the  early
years  of  President  Xi  Jinping’s  reign,  even
as  he  crushed  other  parts  of  civil  society.
Last year, though, lgbtsocieties at several
universities  saw  their  social­media  ac­
counts  closed  for  unspecified  violations.
Groups  pushing  for  more  inclusion  have
shut  down,  with  members  citing  an
increasingly  hostile  environment.  June  is
celebrated as “pride month” in parts of the
world,  but  China’s  only  big  lgbtcelebra­
tion,  Shanghai  Pride,  has  not  occurred
since  2020,  when  police  interrogated  sev­
eral of its organisers.

State  media  amplify  Chinese  national­
ists  who  accuse  lgbt groups  of  serving
hostile  foreign  forces  and  corrupting
young people. Last year the top media reg­
ulator  banned  portrayals  of  “effeminate”
and “sissy” men. This year it banned “boys’
love”  dramas,  a  popular  genre  of  shows
featuring  subtly  romantic  male  friend­
ships.  The  education  ministry  has  called
for  strengthening  physical  education  to
“cultivate  masculinity”  and  prevent  the
“feminisation” of boys.
These  policies  reflect  a  belief  among
China’s leaders that sexual orientation can
be socially engineered, says Darius Longa­
rino of Yale University. “The party is afraid
that  forces  outside  its  control  had  been
changing  the  cultural  landscape  so  much
that it was going to change the sexual ori­
entation or gender of China’s youth.” Now
it  wants  to  make  young  people  “normal”
and “healthy” according to its own vision,
says Mr Longarino. 
Another potential avenue is conversion
therapy, which is still legal, despite the ef­
forts of Peng Yanzi, an activist. Mr Peng vo­
luntarily  underwent  hypnotism  and  elec­
tric  shocks  intended  to  “cure”  his  homo­
sexuality.  In  2014  he  sued  the  clinic  and
won,  receiving  an  apology.  The  ruling,
which  stated  that  same­sex  attraction  is
not an illness, received sympathetic media
coverage. For a time it seemed as if things
might improve for gay people in China.
But  the  case  did  not  change  the  law,
which  discounts  the  rights  of  sexual  mi­
norities. Mr Peng’s group, lgbtRights Ad­
vocacy  China,  closed  last  year  amid  pres­
sure  from  the  authorities.  Today  there  is
much  less  discussion  of  lgbt issues.
“Everyone  is  living  in  a  state  of  silence,”
says Mr Huang (who lives in New York).
His voice, though, broke through. “Will
You Look at Me” was not released in China,
but it has been pirated and sharedonline.
On  Douban,  a  Chinese  film  site,  ithasre­
ceived thousands of positive reviews.n

Life is getting harder for
sexual minorities

Adarkening mood
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