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China Slower Growth Expected as Economy Normalizes: Daily

CHINA PRESS
MNI (Singapore)

A marginal slowdown in China's growth is to be expected as the post-pandemic recovery approaches the potential of 5.8%, said Sheng Laiyun, a deputy director of the National Bureau of Statistics, who commented on Q1 0.6% m/m growth being the second-slowest on record, the Economic Daily reported. China's economy won't be weakening even as GDP growth may slow quarter by quarter, as shown by "relatively strong" indicators including March PMI of 51.9 and April's 51.1, while retail sales and manufacturing investment will improve with the domestic spread of the coronavirus contained and supporting policies take hold, Sheng was reported as saying.

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