In the past, Beijing has responded to economic slowdowns by greenlighting multibillion-dollar construction projects to quickly pump money into the economy. The latest idea is much less grandiose than a superhighway or a high-speed rail line.
Elevators will be retrofitted in as many as three million older, walk-up buildings. While elevators may pack a smaller economic punch, they provide a social benefit for a rapidly aging population.
Officials are hoping a national elevator project could help mitigate the economic effects of the pandemic, particularly on blue-collar workers. It could provide jobs to tens of millions of still-unemployed Chinese migrant workers.
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