After Premier Li Keqiang (on screen) issued a rare warning about a potential contraction of China’s GDP in the current quarter, state media is now saying “a periodic bottom of the economy has been basically confirmed”. Photo: Reuters
After Premier Li Keqiang (on screen) issued a rare warning about a potential contraction of China’s GDP in the current quarter, state media is now saying “a periodic bottom of the economy has been basically confirmed”. Photo: Reuters

China’s ‘economic momentum’ fuelling June’s GDP growth, skewing quarterly estimates

  • As China’s tier-one cities reopen following coronavirus lockdowns, state media says June is a ‘key window’ for bolstering economic-recovery efforts and ensuring future resilience
  • Beijing think tank warns that mounting household debt is raising market fears of a ‘balance-sheet recession’, as seen in the US from 2007-09

After Premier Li Keqiang (on screen) issued a rare warning about a potential contraction of China’s GDP in the current quarter, state media is now saying “a periodic bottom of the economy has been basically confirmed”. Photo: Reuters
After Premier Li Keqiang (on screen) issued a rare warning about a potential contraction of China’s GDP in the current quarter, state media is now saying “a periodic bottom of the economy has been basically confirmed”. Photo: Reuters
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