Upbeat on consumption recovery

In good shape: A public screen displays commodity prices in Shanghai. Economists are optimistic that the country’s economic recovery is intact. — Bloomberg

BEIJING: Despite multiple challenges posing questions about sustained economic recovery in China this year and beyond, economists remain sanguine and aver it would probably be a big mistake to forget the country was the only major economy in the world that posted positive growth last year in spite of the Covid-19 pandemic.

What’s giving them confidence is their conviction that China’s consumption recovery story is largely intact.