China’s economy could achieve ‘impressive’ recovery, economist says
China’s economy could have a ‘very impressive’ recovery and achieve growth, a Deutsche Bank economist said.
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, CNBC quoted Michael Spencer, Deutsche Bank’s chief economist and head of research for Asia Pacific, as saying.
He expects China’s recovery ‘is going to look very impressive’ with a growth of 5 to 6 percent in April-June, quarter to quarter, following a contraction in the first quarter.
‘The domestic demand part of the Chinese economy has recovered well,’ he noted
source:The Central People’s Government of the People’s Republic of China
- Evergreen's 24,000 TEU Ever Acme delivered 4 months ahead of schedule
- Major Chinese ports container volume up 2% in late November
- Japanese insurers to halt ship insurance for all of Russia
- Xeneta container rates alert: calm before storm, as long-term ocean freight rates hold steady ahead of expected new year pain
- APL England's box loss report finds ship's lashings in poor shape
