People walk along a pedestrian street surrounded by small shops in the city of Changsha, in China’s Hunan province, on September 7. Retail sales have bounced back in China. Photo: AFP People walk along a pedestrian street surrounded by small shops in the city of Changsha, in China’s Hunan province, on September 7. Retail sales have bounced back in China. Photo: AFP
People walk along a pedestrian street surrounded by small shops in the city of Changsha, in China’s Hunan province, on September 7. Retail sales have bounced back in China. Photo: AFP
Aidan Yao
Opinion

Opinion

Macroscope by Aidan Yao

Coronavirus recovery: what China’s blockbuster August economic data reveals

  • Economic growth has accelerated faster than expected, with all major activity indicators beating market projections, and the recovery has become more broad-based
  • This should result in fine-tuning of monetary policy stimulus, with fiscal policy now expected to do the heavy lifting

People walk along a pedestrian street surrounded by small shops in the city of Changsha, in China’s Hunan province, on September 7. Retail sales have bounced back in China. Photo: AFP People walk along a pedestrian street surrounded by small shops in the city of Changsha, in China’s Hunan province, on September 7. Retail sales have bounced back in China. Photo: AFP
People walk along a pedestrian street surrounded by small shops in the city of Changsha, in China’s Hunan province, on September 7. Retail sales have bounced back in China. Photo: AFP
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