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China’s economy undergoing ‘two very different recoveries’, study that counters official data says

Summary:
[unable to retrieve full-text content]China has been heralded as the first major economy to recover from the impact of the coronavirus, but that resurgence has been patchy and overhyped, according to the authors of a new study.A survey of Chinese firms conducted by China Beige Book, an independent analysis firm, showed that for “the corporate elite” – large firms in Shanghai, Beijing and Guangdong – the economy is accelerating, but that “most firms in most regions are seeing a far more muted recovery”.Official data showed that the…

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[unable to retrieve full-text content]
China has been heralded as the first major economy to recover from the impact of the coronavirus, but that resurgence has been patchy and overhyped, according to the authors of a new study.A survey of Chinese firms conducted by China Beige Book, an independent analysis firm, showed that for “the corporate elite” – large firms in Shanghai, Beijing and Guangdong – the economy is accelerating, but that “most firms in most regions are seeing a far more muted recovery”.Official data showed that the…

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