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China’s fast-speed manufacturing recovery an example for the world: report

Summary:
Some good news. Along with a possible vaccine in September things are looking a little bit brighter.It took China a month and a half to three months to return to normal capacity after hit by the COVID-19 pandemic, so the global economy could improve much sooner than the six to 12 months that some are predicting, said a report by a consulting firm. With positive progress made in coronavirus prevention and control in the first two months of the year, China's resumption of work and production have quickened pace with 98.6 percent of China's major industrial enterprises already resuming production as of March 28, said the country's industry and information ministry. CGTN China's fast-speed manufacturing recovery an example for the world

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Some good news. Along with a possible vaccine in September things are looking a little bit brighter.

It took China a month and a half to three months to return to normal capacity after hit by the COVID-19 pandemic, so the global economy could improve much sooner than the six to 12 months that some are predicting, said a report by a consulting firm.

With positive progress made in coronavirus prevention and control in the first two months of the year, China's resumption of work and production have quickened pace with 98.6 percent of China's major industrial enterprises already resuming production as of March 28, said the country's industry and information ministry.

CGTN

China's fast-speed manufacturing recovery an example for the world

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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