Fast forward China: How COVID-19 is accelerating 5 key trends shaping the Chinese economy
随着复苏的逐步形成,中国经济格局的若干重要转变已经显而易见。 COVID-19加速了先前的趋势,迎来了我们可能已经实现的未来的到来。在本报告中,我们讨论了由于COVID-19危机的发生而加速或“快速前进”的五种塑造中国经济的趋势.
Over the last few months, COVID-19 has spread across the world, uniting humanity in a shared experience that has highlighted the vulnerability of our societies. As the first country to grapple with the crisis, China has been on the frontlines both of post-COVID-19 economic recovery, and of the societal changes
the pandemic has precipitated. Efforts to stabilize the domestic economy are already well underway, and though China’s first-quarter gross domestic product declined 6.8 percent over the previous year, according to government statistics, our simulations suggest that economic activity may have bottomed out in the first quarter.1
As that recovery takes shape, several important shifts in the make-up of China’s economic landscape have already become apparent. COVID-19 has accelerated pre-existing trends, ushering in the arrival of a future we were likely already on track to realize. In this report, we discuss five trends shaping the Chinese economy that have been accelerated, or “fast forwarded,” as a result of the onset of the COVID-19 crisis
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