Business Standard

First into the coronavirus slump, China is proving the fastest out

An industry-powered rebound is pushing the Asian nation out of the historic first-quarter slump and toward the prospect of being the only major economy to expand this year

Chinese President,  Xi Jinping, Peng Liyuan, Macau Chief Executive, Fernando Chui, Ho Iat-seng
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President Xi Jinping is accelerating his push for an economy that can be more independent amid the broadening confrontation with the US

Bloomberg News
China’s economy, the first to succumb to the coronavirus, is proving to be the fastest to recover.

An industry-powered rebound is pushing the Asian nation out of the historic first-quarter slump and toward the prospect of being the only major economy to expand this year. Economists surveyed by Bloomberg forecast growth of 2.0%.

To get there, it has squashed a number of smaller virus outbreaks, weathered the collapse in global demand, and kept markets buoyant despite persistent fears of a broad technology Cold War with the U.S.

The reasons for China’s performance so far range from a populace willing to

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