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Another eyewitness, Mehtab, said that he saw rescuers shift at least 20 people whose bodies were completely burnt in the fire.

Another contributor is the food delivery companies scrambling to keep up with new business. Deliveroo, Foodpanda and UberEats are giving out coupons — sometimes even waving delivery charges — to grab a bigger share of this booming market.

Anta Group, a leading Chinese sportswear company, joined hands with livestreaming celebrity Li Jiaqi and CCTV anchor Zhu Guangquan to promote its sneakers under the theme of "trendy Chinese brands". Livestreaming offers live product experiences from influencers and has been effective during the epidemic in attracting younger consumers.

Another benefit from the US perspective is the Chinese companies' credibility will be damaged and the latter may face more restraints when they seek refinancing. The higher costs associated with Chinese companies may increase the competitiveness of US rivals. Again, this logic is a bit warped.

Apart from offering vouchers, cash grants, govts should also stabilize job market