China’s Economy to Return Fast to Potential Growth, PBOC Says
China’s economy will swiftly return to its potential growth rate and there’ll be significant improvement in the coming three months, a senior central bank official said Sunday.
“Economic indicators will likely show significant improvement in the second quarter and the Chinese economy will return to potential output level rather swiftly,” People’s Bank of China Deputy Governor Chen Yulu told reporters in Beijing.
medical equipment will make lot of money.
cup of tea
Just medical supplies would be trillion dollar business. No to say daily goods.
I don't see the economy doing this anywhere in the world, eventually yes but will take some time.
Well, from the way I see it, the main influx of money won't be coming from the unemployed US consumer!
r12 hours ago
Bloomberg published a gloomy scenario for the US but a bright one for China. Deep state at work.
China may become the world's largest economy sooner than predicted.
China is making a push to be the #1 economy in the world...May God help U.S.
The differences of the quality of leadership is very apparent between China and U.S. Instead of panicking with rate cut and QE while scrambling to contain the virus, China attempted to contain the virus, then rate cut and QE, in small and regular quantities, with coherence and coordinations.
cup of tea
Actually, China hold many stimulus in hands. The situation seems still under control. Not like Fed already in panic mode.
Because China knows what to do. The public trust government to handle the crisis. In US, the policies flip flop all the time. Give everyone the image that there is no plan, and we don't know what to do.
Why does Bloomberg only publish glowing stories about China? Hmmm...?
ABC12313 hours ago
China cannot return to normal ever because it is too dependent on foreign economy..