MEDIA

China's PMI Shows Virus-Containment Measures Speak Louder Than Stimulus Package

Posted by Jimmy Zhu on Mar 31, 2020 10:30:00 PM


China's manufacturing PMI surprisingly jumped to the above-50 territory, setting a great example that containing the spread of the virus quickly is more effective than introducing an emergency stimulus package.

Chief Strategist Jimmy Zhu explains why attempts to contain the virus and stimulate the economy simultaneously will prove to be a challenge, and highlights the most urgent task for global policymakers looking to resuscitate virus-hit economies in his latest CGTN report.