U.S. economist: China on "solid path of economic recovery"

CNC
Added On October 24, 2020

STEPHEN ROACH, Senior Fellow at Yale University's Jackson Institute for Global Affairs "The third quarter GDP was encouraging, which does show that China is on a solid path of economic recovery following the COVID-19 shock in the early months of this year." Official data showed earlier this week that China's GDP expanded 4.9 percent year on year in the third quarter, faster than the 3.2-percent growth seen in the second quarter. "The most impressive aspect of the economy's performance is that the highest priority was given to containing the outbreak of COVID-19. China's approach to public health is strict, it's disciplined, which is a model of what can be done to contain the impacts of a disease outbreak in a major economy. It's a model that the rest of the world needs to take very seriously as an example of what is missing today and what they could do."