Swift recovery? China's economy beyond Covid-19

No quick turnaround

Just weeks after the world’s second largest economy came to an abrupt halt, China’s engine is now slowly restarting.

Its government has been rather upbeat over the prospects of a swift economic recovery, even as some of the world's major economies come to a standstill. Against a backdrop of downbeat sentiments and sliding oil prices, one key question lingers in the mind of many: can the Chinese economy withstand these shocks, rebound quickly, and be back on track? I don't believe the Chinese economy will actually normalise quickly. In early signs of a recovery, the official manufacturing purchasing manager's index (PMI) for March hit 52.0 after a record low in February, indicating an expansion and beat...