Michael Spencer, Deutsche Bank’s Chief Economist and Head of Research for Asia Pacific, said in a recent interview with CNBC, China’s economic recovery could be very impressive.
Key quotes (via Xinhua)
“China’s economy could have a “very impressive” recovery and achieve growth.
Most of the world’s main economies are easing strict lockdown measures imposed to contain the COVID-19 spread, and are relieved from recession. But China is, in general, regarded as one of the few ones that could still grow.
Expect growth of 5 to 6% in April-June, quarter to quarter, following a contraction in the first quarter.
The domestic demand part of the Chinese economy has recovered well.”
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