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China’s economic health will depend on its Covid-19 recovery

In the second quarter of 2021, China’s GDP grew by 7.9 per cent year on year. That was a relatively strong performance, especially given the enduring effects of the Covid-19 pandemic on the global economy.But, for China, it represents a disappointment: a Caixin survey of economists showed the median estimate for the second quarter was 8.2 per cent growth.Chinese economists broadly agree that China’s potential growth rate is 6 per cent. So, taking into consideration the base effect, China’s year…

Read the original article at South China Morning Post

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