November 02, 2020 | Report
With public life nearly back to normal in most parts of China, the country’s economic recovery is entering a second stage. The trajectory looking forward will depend mostly on consumption and the restart and new establishment of small-sized services businesses. The first stage recovery, driven by industrial production resumption and stimulus-backed investment, has largely run its course. There is little headroom for more growth pickup in industrial production unless a consumption recovery creates new demand.
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