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Covid-19 : China showing first signs of economic recovery

Covid-19 : China showing first signs of economic recovery

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Business reopening, investments, e-commerce: after two months of containment, economic activity is slowly recovering in China. Jean-Christophe Babin, CEO of Bvlgari, the brand of the LVMH group, even estimates that the level of its sales “has exceeded last year’s level for the last three weeks”. Survey on the economic dynamics of a country emerging from crisis.

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While Europe and the United States are in the midst of a period of containment that will probably last several more weeks, China has already begun its “deconfinement” and is experiencing the beginnings of an economic revival.

 

A timid but encouraging recovery

 

According to the National Bureau of Statistics, the Purchasing Managers Index – which is used as a benchmark to assess a country’s economic activity – stood at 52 points in China in March, after a historically low level in February (35.7 points). It would therefore appear that China is back on the path of expansion, as a result above 50 points means that activity is growing.

 

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