Wednesday, July 22, 2020

A Double Digit Recovery Post Covid-19 for China

China has recovered better than expected from the health crisis.
The economic crisis that follow suit was mitigated by the Stimulus packages. However, the pattern shows that the economy is mainly driven by the manufacturing sector. Whilst the statistics shows positive growth, unemployment is on the rise. The growth is uneven.
The solution? Increase domestic consumption. Boost consumers confidence.
Almost every other day, there would be news on China's growth recovery and potential policy side effects. You can read here. There are links to previous articles as well.  All are 2-minute read but worthwhile.

Chemical fiber company in Hebei province, China.
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Oppenheimer and Oscar Economics

This  article  is quite long, but has important modern implications.  Source: Michael Ramirez, The Gazette.

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