China View: China's economy downshifting to pre-COVID-19 trend growth | The Conference Board
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China View: China's economy downshifting to pre-COVID-19 trend growth


April 2021 | Publication

Although China’s growth momentum softened in Q1, it is not necessarily a sign of a deteriorating macro-environment. Because the growth in Q4 last year exceeded the pre-COVID-19 trend growth, and was probably above China’s long-term potential growth range, the current moderation signals a transition of the Chinese economy from recovery mode to pre-COVID-19 trend growth - in other words, “normalization”.


AUTHOR

YuanGao.jpg

Yuan Gao

Senior Economist, China Center for Economics and Business
The Conference Board


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