The Shape of China’s Recovery

Having brought COVID-19 under control much faster than most other countries, and having implemented stimulus measures informed by the lessons and mistakes of the 2008 crisis, China is now on the road to recovery. But with serious risks on the horizon, it is not out of the woods yet.

BEIJING – China’s economy is on the road to recovery after the COVID-19 shock in the spring of 2020. Negative growth rates in investment, manufacturing activity, and consumption have reversed course and moved into positive territory, and some indicators, such as exports, have even beaten expectations, registering a positive growth rate of more than 10% in the third quarter of the year.