男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Policies

China's V-shaped economic recovery continues in June led by strong domestic demand: expert

Xinhua | Updated: 2020-07-20 18:05
Share
Share - WeChat
A property model attracts visitors during an industry expo in Dongguan, Guangdong province. [Photo by An Dong/For China Daily]

WASHINGTON - China's V-shaped economic recovery continued for a fourth consecutive month in June, led by strong domestic demand, according to a US investment expert.

The recovery of sales of autos and homes in China last month reflects that "middle-class and wealthy consumers have both sufficient money and enough confidence in the future to spend it", Andy Rothman, investment strategist at San Francisco-based investment firm Matthews Asia, wrote Thursday in an analysis about China's economic resilience.

"China's economy is increasingly driven by domestic demand, so it is important that consumer spending has continued to bounce back," Rothman said, adding the improvement in consumer spending and sentiment has come in advance of a full recovery in income, suggesting a fairly high degree of confidence in the future.

Rothman also noted that this healthy economic recovery has come without a dramatic stimulus, as credit growth has only accelerated modestly and the Chinese government's long-running effort to de-risk the financial system continues.

"Unemployment remains a concern, but the absence of social unrest and the continuing rebound in consumer spending suggests that the government's support for workers and businesses has provided a cushion for many who lost their jobs, laying the foundation for an economic recovery," the investment expert added.

Noting that restaurant and bar sales in China were still down last month, Rothman said these businesses that require customers to gather in confined spaces are likely to take a long time to fully recover.

"This is why I expect China's economic activity to return to about 80 percent of normal by the end of this year, with the final 20 percent of the recovery unlikely until after an extended period time with very few new COVID cases in China, the global pandemic under control, or the development and widespread use of an effective vaccine," he said.

Rothman's comments came after China on Thursday reported its gross domestic product (GDP) expanded 3.2 percent year-on-year in the second quarter of 2020, reversing from a 6.8-percent contraction in the first quarter.

"Whether the V-shaped economic recovery described here continues depends primarily on the Chinese government's ability to continuing keeping the coronavirus under control. At this point, there are reasons to be optimistic," Rothman said.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 青岛市| 乌鲁木齐县| 二连浩特市| 夹江县| 蓝田县| 鄂托克前旗| 崇左市| 怀柔区| 化德县| 巢湖市| 栾川县| 东辽县| 深水埗区| 营口市| 海安县| 望江县| 新建县| 玉树县| 林周县| 名山县| 扎赉特旗| 泸州市| 锡林浩特市| 全州县| 扬州市| 兖州市| 河池市| 韶关市| 陕西省| 临澧县| 蒲江县| 梅州市| 天镇县| 灵台县| 梁平县| 当雄县| 巴林左旗| 榕江县| 贵州省| 呼伦贝尔市| 泰宁县|