#China’s economic recovery from #COVID19 could be slow and full of uncertainties, with big structural changes, for 2 reasons:given the global economic standstill, export will find it much harder to pick up than before; fixed asset #investment will be less intensified than before.
But the crisis will give the Chinese economy new highlights.
1. Consumer #spending may become a major driver for growth; 2. #digitaleconomy has played a huge role in dealing with the blows, and with the development of new infrastructures, digital economy will reach a new height.
1. Consumer #spending may become a major driver for growth; 2. #digitaleconomy has played a huge role in dealing with the blows, and with the development of new infrastructures, digital economy will reach a new height.
The crisis is very likely to bring about structural changes in the global economic landscape, and the risks associated with those changes worth attention from all businesses and market players.
A major risk is that the pandemic has added to anti-globalization momentums; another is associated with the fact that many governments are doing “whatever-it-takes” fiscal and monetary policies.
By Professor Huang Yiping0
mp.weixin.qq.com/s/RXnMaJAyR_mx…
By Professor Huang Yiping0
mp.weixin.qq.com/s/RXnMaJAyR_mx…
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