Top Media Reports On Oliver Wyman And SRA Intelligence Report
May 15, 2020
Editor's note: Oliver Wyman is monitoring the COVID events in real time and we have compiled resources to help our clients and the industries they serve. Please continue to monitor the Oliver Wyman Coronavirus hub for updates.
A number of international and Chinese media covered our joint report with SRA Intelligence, titled What Might China’s Recovery Look Like.
Barron’s quoted our report and said that China’s fiscal stimulus more than ever will need to depend on the growing private sector. With large state-owned banks there is capacity to lend and spend money faster than in more advanced economies and it wouldn’t be surprising to again see a widening of growth rates between cities and regions. Read Barron’s full report here.
South China Morning Post featured our report and highlighted China’s lower dependency on global exports will go a long way to reducing the potential impact of any global demand shock. Read the full story here.
Yicai Global quoted Peter Reynolds, Partner and Head of Oliver Wyman China, saying the Chinese economic recovery is well underway, following the COVID crisis. Though Reynolds emphasized that the onset of a global recession could have broad implications for China’s prospects in the long-term, he expressed optimism at not only the relative speed of recovery in manufacturing but also the outbreak's impact on the sector as a whole. Read the feature story here.
China Daily covered our joint report and said China is one of a few large economies expected to expand and substantially contribute to global GDP growth in 2020 and 2021. “Even with manufacturing challenges and the potentially longer and more pervasive challenges that may exist in some of the service sector, we still see growth across China and that being a key source of global growth,” said Peter Reynolds, Partner and Head of Oliver Wyman China. Read the full article here.