China was the first country hit by the coronavirus and has since largely managed to bring the outbreak under control. The Chinese economy has thus become a bellwether for the rest of the world. So how is the economic recovery progressing in China post-lockdown? Nordea Chief Asia Analyst Amy Yuan Zhuang delves into the subject in the latest instalment of our Economic Outlook podcast series.
Podcast summary with time stamps:
0:30: China was the country where the corona crisis began, and in that sense it is serving as a bellwether for the rest of the world. How has the recovery been going in China – both in terms of the virus and the economy?
2:14: Are all sectors back up and running?
3:32: The service sector has been hit hard in this crisis. Will that affect how long the recovery takes in China?
5:30: One of the China’s main challenges in this crisis is insufficient demand. What will it take for people to go out and start spending again?
9:08: Our growth forecast for the Chinese economy in 2020
10:37: Chinese policy makers have never had to deal with such a big crisis with a “new normal” economy – one dependent on household consumption and the service sector.
11:43: Our growth forecast for the Chinese economy in 2021
12:36: The US-China trade war is one of the top geopolitical risks to keep an eye on. What can we expect there, and what are the implications for China’s economy?
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