Economic activity in China will likely return to normal by the second week of April as strict measures to stem the spread of coronavirus are eased, according to economists with ANZ.
Raymond Yeung, chief economist for greater China at the Australian banking group, said the fall in new cases suggests the coronavirus has come under control in the country.
“President Xi Jinping’s visit to Wuhan likely signals the government’s confidence that the outbreak is now under control,” he said. “Thus, we believe the government will soon relax the lockdown measures to some degree.”
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