China’s recovery speeds up despite global recession – The Manila Times

25/01/2021 9:33:00 AM

China’s public-health authorities believe a major outbreak of the novel coronavirus in the Chinese mainland is unlikely. Nonetheless, travelers have been urged to celebrate the Year of the Ox at home to keep the infection rate under control.

China’s public-health authorities believe a major outbreak of the novel coronavirus in the Chinese mainland is unlikely. Nonetheless, travelers have been urged to celebrate the Year of the Ox at home to keep the infection rate under control.

Unlike other major economies, China has rebounded, and its recovery is accelerating. It could fuel a third of global economic growth in 2021. WITH the Spring Festival holidays just weeks away, recent resurgences of Covid-19 infections in Jilin province and Shijiazhuang, Hebei province have renewed concerns about sporadic outbreaks. China’s public-health authorities believe a major […]

China’s public-health authorities believe a major outbreak of the novel coronavirus in the Chinese mainland is unlikely. Nonetheless, travelers have been urged to celebrate the Year of the Ox at home to keep the infection rate under control. Complacency would prove costly.

The question is: will China’s recovery prevail amid the dire global landscape?The performance relied on fiscal and monetary support, but as recovery is accelerating, monetary easing no longer seems warranted. In the mid-December Central Economic Work Conference, the top authorities took note of the economic success while stressing the need to further foster the foundations of recovery.

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