China has been slowly trying to return to normal after large swaths of the economywere shut down for weeks earlier this year. The growth detailed on Friday can be attributed to the political pressure that Beijing is putting on factories to resume production, Julian Evans-Pritchard, senior China economist for Capital Economics, wrote in a research note on Friday. He expects factory output to continue to grow, since policymakers in China have signaled that more stimulus measures are on the way.
lørdag 16. mai 2020
China's factories are producing more but the economy is still very fragile
Production at China's factories is growing for the first time since the coronavirus pandemic began. But there are still major challenges ahead for the country's economy. Industrial output increased 3.9% in April from a year ago, according to data released Friday by the National Bureau of Statistics. That's well above the 1.5% uptick that analysts polled by Refinitiv expected, and the first time output has grown since December.
China has been slowly trying to return to normal after large swaths of the economywere shut down for weeks earlier this year. The growth detailed on Friday can be attributed to the political pressure that Beijing is putting on factories to resume production, Julian Evans-Pritchard, senior China economist for Capital Economics, wrote in a research note on Friday. He expects factory output to continue to grow, since policymakers in China have signaled that more stimulus measures are on the way.
China has been slowly trying to return to normal after large swaths of the economywere shut down for weeks earlier this year. The growth detailed on Friday can be attributed to the political pressure that Beijing is putting on factories to resume production, Julian Evans-Pritchard, senior China economist for Capital Economics, wrote in a research note on Friday. He expects factory output to continue to grow, since policymakers in China have signaled that more stimulus measures are on the way.
