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" ... But China has failed to make that adjustment. Back in 2007, when Wen Jiabao make his announcement, consumer spending amounted to some 37% of the economy, while exports and investment dominated, constituting some 49% of the economy. At last measure, Chinese consumers amount to an only slightly higher 39% of the economy, while exports and investment still dominate at an only slightly reduced 45% of the economy. China’s economy, in other words, remains as lopsided as it was. Worse still, the authorities during this long interim period when they failed to adjust the shape of their economy, have bolstered growth by redoubling the investment practices of the past. Some of their efforts have focused on technology, but most by far have gone to still more factories and more infrastructure. But unlike during China’s underdeveloped past, the more recent apartment complexes have done less to advance living standards and new rail links have gone to nowhere useful. Impressive as such huge efforts look to visiting journalists, these expensive investments have not paid the growth dividends earlier such efforts did. A sure sign emerges from the poor performance of worker productivity, which, instead of soaring, as in the earlier phase of development, has declined every year now since 2010. Instead of improving China’s economic base, these unproductive investments have largely left is a legacy of debt, which has risen by a striking 15% during the last year alone. ... "
" ... The turn on 21 July 2020 was much more significant than the adjustment MOL has focused on on 23 July ... [+] 2020. ... "
" ... This new planning paradigm provides a powerful way to track performance and identify which levers require real-time adjustment. “We realized, if we insert the product cost into [the system], basically the app would true these numbers the same [as it does] for everything else—and we [immediately see product] margins,” said Allain. “Then if we add cost elements, we get to gross margin [and eventually] to contribution margins.” ... "
" ... What started as an adjustment to the workflow during the pandemic can wind up as an investment in corporate social responsibility, supported by location intelligence and managers alert to a new normal. ... "