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Why China is unlikely to turn to aggressive monetary policy tightening

The Chinese economy hit a soft patch early this year as the momentum of both consumption and investment growth weakened.Tighter restrictions around the Lunar New Year holiday in response to the Covid-19 resurgence in January dampened consumption, hitting China’s services industry hard. Passenger volume during the peak travel season around the holiday was 76 per cent lower than the same period in 2019.Catering sales in January and February also fell below 2019 levels despite a strong recovery in…

Read the original article at South China Morning Post

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