Employees work on a production line inside a Dongfeng Honda factory in Wuhan, Hubei province, on April 8. China’s swift return to positive economic growth is a rare bright spot amid a landscape of doom and gloom as the pandemic continues. Photo: Reuters Employees work on a production line inside a Dongfeng Honda factory in Wuhan, Hubei province, on April 8. China’s swift return to positive economic growth is a rare bright spot amid a landscape of doom and gloom as the pandemic continues. Photo: Reuters
Employees work on a production line inside a Dongfeng Honda factory in Wuhan, Hubei province, on April 8. China’s swift return to positive economic growth is a rare bright spot amid a landscape of doom and gloom as the pandemic continues. Photo: Reuters
David Dodwell
Opinion

Opinion

Inside Out by David Dodwell

Coronavirus recovery: China a rare bright spot amid pandemic gloom

  • Current forecasts show contraction on an unprecedented scale, more serious than the 2008 crash and raising chilling thoughts about the 1930s Great Depression
  • Combine bankruptcies with a fall in company profits and government tax revenues are set to fall sharply just as government spending needs are set to spike

Employees work on a production line inside a Dongfeng Honda factory in Wuhan, Hubei province, on April 8. China’s swift return to positive economic growth is a rare bright spot amid a landscape of doom and gloom as the pandemic continues. Photo: Reuters Employees work on a production line inside a Dongfeng Honda factory in Wuhan, Hubei province, on April 8. China’s swift return to positive economic growth is a rare bright spot amid a landscape of doom and gloom as the pandemic continues. Photo: Reuters
Employees work on a production line inside a Dongfeng Honda factory in Wuhan, Hubei province, on April 8. China’s swift return to positive economic growth is a rare bright spot amid a landscape of doom and gloom as the pandemic continues. Photo: Reuters
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David Dodwell

David Dodwell

David Dodwell is the executive director of the Hong Kong-APEC Trade Policy Study Group, a trade policy think tank.