China: Achieving Solid Recovery and Forging High-Quality Sustainable Growth

After the COVID-19 pandemic inflicted a sharp contraction in the first quarter of 2020, China’s economy has shown remarkable resilience and staged a strong comeback. Effective containment measures, sound macro fundamentals, strong solidarity among the people, as well as decisive and targeted policy measures are factors that set the swift recovery in motion.

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Watch: All Eyes on Two Sessions, an International Audience Looking Forward to Encouraging Information

Ahead of China’s annual legislative session (or Two Sessions) in early March, AMRO Director Toshinori Doi gave an interview to Chinese broadcaster, CCTV, on some of the country’s key macroeconomic issues.

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Deciphering China Economy’s Strong Recovery from the COVID-19 Pandemic

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China was the first epicenter of the COVID-19 virus outbreak and subsequently, its economy was hit severely by the pandemic. Notwithstanding, all the economic forecasts for China now point to positive growth for 2020, with the strong recovery momentum continuing into 2021.

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China’s Economy Staging a Strong Recovery following Effective Containment of the COVID-19 Pandemic

China’s economy has staged a strong recovery following its successful containment of the COVID-19 pandemic. At the height of the pandemic, the Chinese Government took a series of decisive and forceful containment measures, including locking down the economy, where needed.

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Chinese economy to remain resilient amid risks from trade tensions and COVID-19 outbreak

The Chinese economy is expected to remain resilient in the face of challenging conditions stemming from a global economic slowdown, the U.S.-China trade tensions, the country’s financial deleveraging process, and the recent COVID-19 outbreak.

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