With significant blow of the #coronavirus outbreak to its domestic demands, the Chinese economy is expected to return back to normal in late April.
The global spread of the virus is bound to bring down its external demands in the second quarter, according to Gao Shanwen mp.weixin.qq.com/s/gRKzYdR7n8P8…
The pandemic has triggered concerns over a global economic recession, with multiple hazards emerging including #oil market turmoil and collapse of the American high yield bond market bubble.
Facing mounting downward pressure, it is possible that central banks of developed countries will maintain #zerointerestrates over the long run, and try out irregular tools such as quantitative easing.
For China, with fast economic growth, expanding financial opening and a high interest rate level, when the global economy resumes, there is the possibility that #Renminbi will appreciate again and push up asset prices.
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