A woman wearing a mask walks past a road blockade made mostly of shared bicycles in Guangzhou, Guangdong province, on February 24. Although regions less affected by the coronavirus, such as Guangdong, have resumed work faster after the Lunar New Year holiday, businesses are still far from operating at full capacity. Photo: EPA-EFE A woman wearing a mask walks past a road blockade made mostly of shared bicycles in Guangzhou, Guangdong province, on February 24. Although regions less affected by the coronavirus, such as Guangdong, have resumed work faster after the Lunar New Year holiday, businesses are still far from operating at full capacity. Photo: EPA-EFE
A woman wearing a mask walks past a road blockade made mostly of shared bicycles in Guangzhou, Guangdong province, on February 24. Although regions less affected by the coronavirus, such as Guangdong, have resumed work faster after the Lunar New Year holiday, businesses are still far from operating at full capacity. Photo: EPA-EFE
Aidan Yao
Opinion

Opinion

Macroscope by Aidan Yao

Coronavirus crisis: at this rate, how is China’s economy going to recover lost ground?

  • The latest consensus forecast for the Chinese economy is rather upbeat, and must reflect expectations of further stimulus measures. However, the government’s virus containment efforts continue to hamper the resumption of economic activity

Aidan Yao
Aidan Yao

Updated: 9:28am, 27 Feb, 2020

Why you can trust SCMP
A woman wearing a mask walks past a road blockade made mostly of shared bicycles in Guangzhou, Guangdong province, on February 24. Although regions less affected by the coronavirus, such as Guangdong, have resumed work faster after the Lunar New Year holiday, businesses are still far from operating at full capacity. Photo: EPA-EFE A woman wearing a mask walks past a road blockade made mostly of shared bicycles in Guangzhou, Guangdong province, on February 24. Although regions less affected by the coronavirus, such as Guangdong, have resumed work faster after the Lunar New Year holiday, businesses are still far from operating at full capacity. Photo: EPA-EFE
A woman wearing a mask walks past a road blockade made mostly of shared bicycles in Guangzhou, Guangdong province, on February 24. Although regions less affected by the coronavirus, such as Guangdong, have resumed work faster after the Lunar New Year holiday, businesses are still far from operating at full capacity. Photo: EPA-EFE
READ FULL ARTICLE
Aidan Yao

Aidan Yao

Aidan Yao is senior emerging Asia economist at AXA Investment Managers. Prior to joining AXA IM, he was a senior financial market analyst at the Hong Kong Monetary Authority for two years. He started his career at the Reserve Bank of New Zealand in 2007, serving as an economist and later senior financial market analyst until late 2011. He holds a master degree in finance (2006) and a bachelor degree in economics and finance (2005) from the University of Otago (NZ). He is also a chartered financial analyst.