April 22, 2020
China Economic Outlook. Second quarter 2020
China's GDP growth dipped to historical low in Q1 amid COVID-19. The sliding growth calls for more policy stimulus. We believe pro-growth measures will help put China’s growth engine back to the right track. The GDP growth rate will steadily climb up to 7% y/y in Q4, concluding 2020 with a full-year growth outturn of 2.2%.
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