China likely to see ‘V-shaped’ recovery, PBoC deputy says

The “sound” fundamentals of the domestic economy remain unchanged in the medium to long run despite a short-term slowdown due to the epidemic, Chen Yulu, a deputy governor at the People’s Bank of China (PBoC), wrote in an opinion piece in the Financial Times.

SHANGHAI: China’s economy is likely to pick up quickly after the coronavirus is contained and stage a “V-shaped” recovery, according to a senior official with the nation’s central bank.

The “sound” fundamentals of the domestic economy remain unchanged in the medium to long run despite a short-term slowdown due to the epidemic, Chen Yulu, a deputy governor at the People’s Bank of China (PBoC), wrote in an opinion piece in the Financial Times dated Feb 20. The PBoC summarised the column in a separate posting yesterday.