THE Chinese economy has encountered a temporary but severe blow due to the sudden outbreak of the coronavirus, which will potentially drag down the GDP growth in the first quarter to around 5 percent. As the world’s second-largest economy is trying every means to fight against the virus and laid the groundwork in a bid to anticipate economic rebound, the outside world needs to post faith in the economy’s ability to rebound.
The faith is reinforced by China’s effective control and powerful fight against the virus. More importantly, China's economic structure optimization has already manifested interim progress. Its steady growth and quality development trend will not reverse due to the temporary hardships. After the epidemic is controlled, a strong rebound is bound to follow.
Limited time offer:
Just RM5 per month.
