In response to the global crisis caused by COVID-19, governments around the world have introduced various measures to mitigate the impact of the pandemic on their economies. In the short term, some measures are effective and reasonable, but the risk is that it may become part of our life and the following economic uncertainties can have a long-lasting influence on us. However, China shows strong resilience after Covid-19 comes under control in most of the nationwide areas. Peter Reynolds, Partner and Head of Oliver Wyman Greater China was invited to join a panel “Asia Regional Strategic Forecast”, hosted by Economist Corporate Network, sharing his insights and views on China's economy amid the COVID-19.
We've been looking quite carefully at some of the data that's coming out of China, not just the GDP numbers. We should decompose those relatively encouraging data from a manufacturing perspective.