China Is Easing COVID-19 Curbs & Opportunity For Automatic Doors

By November 2022 when China announced its new policies to relax a series of stringent measures meant to monitor and cut the spread of COVID-19, which means the restriction for Chinese in the passed 3 years was ended .

The Chinese government augmented fiscal deficit was CNY 7.75 trillion, about USD 1.1 trillion in January to November 2022,which was more than double the same period last year and larger than in 2020, when the economy was battered by the initial COVID outbreak and growth was the slowest in decades. 

Based on this,the Chinese government has recently released the opening plan aimed at stimulate consumption and invigorate the economy. Although the quantity of people infected by COVID-19 suddenly increased in the passed few months after this new policy, it will gradually become stable and eventually be accepted by people with the final result that everything will be back to normal, including the construction market. 

Because of the huge number of Chinese people, it's obviously that the Chinese medical resources are in big shortage, especially the beds in the hospitals, so, in the coming 1 to 3 years, the expansion for hospital will be more and more, and lots of new hospitals may also be built. At the same time, the doors for these projects will also be in big demand, like the automatic revolving door, sliding door for main entrance, the hermetic sliding doors for operation rooms, the swing door and ward doors for medical ward etc.. 

TSTC will always be there to pay close attention to this opportunity .