China's economic recovery could cool in the second half of 2020, according to Deutsche Bank's chief economist and head of research for Asia Pacific, Michael Spencer.
This photo taken on March 30, 2020 shows an employee working on a battery production line at a factory in Huaibei in China's eastern Anhui province.China's economic recovery could cool in the second half of 2020 after its strong bounce from lows earlier in the year, according to Deutsche Bank's chief economist and head of research for Asia Pacific, Michael Spencer.
"When you look at the Chinese data — excluding cinemas which are still closed and restaurants where people still have an aversion to going into large restaurants — retail sales of goods have almost completely recovered, as of May, to the sort of seasonally adjusted pre-Covid level," Spencer said.
Why does CNBC continue to push CCP propaganda? Look at the banking crisis in China right now. There is no V shaped recovery, only more fake CCP data.
DB, the bankers of evil.
No longer believe the V-shaped fake data? BoycotChina
Import/Export is about 18% of GDP; and if there is double-digits drop, which give an assumption of 15% decline, which is 2.7% of entire China GDP, influenced by Covid-19. That shall requires more domestic increasing, which I do believe 'yes- we can'.
lol best joke I have seen today. so I guess their V shape recovery came from not be able to fully export products due to the rest of the world are still not fully recover, right?
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