China’s Economic Recovery: Bright Spots, Prospects

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This story is an English language news item from CGTN. CGTN is a Chinese state-funded broadcaster.

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  • Last week’s Two Sessions in Beijing were a key moment to assess China’s economic health and its future direction. Despite not setting a GDP target in the wake of the coronavirus epidemic, China is still eyeing economic growth this year. But one reality we have to face is that demand overseas remains extremely weak, as the pandemic virtually hit the whole world. And domestic demand hasn’t picked up momentum yet. What is the state of the Chinese economy? In the past decades, the country has had robust year-on-year GDP growth. What do we make of this year’s change? Tian Wei asked Zhang Yichen, founder, chairman and CEO of CITIC Capital (China International Trust Investment Corp.), for answers.

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