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
Opinion
Opinion
Inside Out
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