Recent economic data releases have continued to indicate the Chinese economy is recovering from the coronavirus pandemic.
China's economic recovery could cool in the second half of 2020, according to Deutsche Bank's chief economist and head of research for Asia Pacific, Michael Spencer.
This photo taken on March 30, 2020 shows an employee working on a battery production line at a factory in Huaibei in China's eastern Anhui province.China's economic recovery could cool in the second half of 2020 after its strong bounce from lows earlier in the year, according to Deutsche Bank's chief economist and head of research for Asia Pacific, Michael Spencer.
"When you look at the Chinese data — excluding cinemas which are still closed and restaurants where people still have an aversion to going into large restaurants — retail sales of goods have almost completely recovered, as of May, to the sort of seasonally adjusted pre-Covid level," Spencer said.
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