Asia Market Research

Over the last few months, COVID-19 has spread across the world, uniting humanity in a shared experience that has highlighted the vulnerability of our societies. As the first country to grapple with the crisis, China has been on the frontlines both of post-COVID-19 economic recovery, and of the societal changes the pandemic has precipitated.

Efforts to stabilize the domestic economy are already well underway, and though China’s first-quarter gross domestic product declined 6.8% over the previous year, according to government statistics, our simulations suggest that economic activity may have bottomed out in the first quarter.

This report from McKinsey looks at these changes and provides analysis as to what the future may hold.

Fast forward China: How COVID-19 is accelerating 5 key trends shaping the Chinese economy

Over the last few months, COVID-19 has spread across the world, uniting humanity in a shared experience that has highlighted the vulnerability of our societies. As the first country to grapple with the crisis, China has been on the frontlines both of post-COVID-19 economic recovery, and of the societal changes the pandemic has precipitated.

Efforts to stabilize the domestic economy are already well underway, and though China’s first-quarter gross domestic product declined 6.8% over the previous year, according to government statistics, our simulations suggest that economic activity may have bottomed out in the first quarter.

This report from McKinsey looks at these changes and provides analysis as to what the future may hold.
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This report was provided by McKinsey & Company. For more information on McKinsey & Company, visit their website at: https://www.mckinsey.com/