UBS Sees ‘More Balanced Recovery’ in China’s Economy

Apr.15 — Wang Tao, head of Asia economics and chief China economist at UBS Group AG, discusses the state of the world’s second-largest economy, its outlook and policies. China’s economy soared in the first quarter as consumer spending strengthened, joining production and investment in recovering from the Covid slump a year ago. Gross domestic product climbed a record 18.3% in the first quarter from a year earlier, largely in line with the 18.5% predicted in a Bloomberg survey of economists. Wang speaks on “Bloomberg Markets: Asia.”

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