Meanwhile, In China…

Meanwhile, In China…

As expected, China reported its largest quarterly economic expansion in history Friday. The world's second largest economy grew 18.3% YoY in the first quarter, just shy of estimates (figure below). China was, of course, the first nation to institute a draconian lockdown aimed at curtailing the transmission of COVID-19. The containment effort generally succeeded in stopping the spread, but I'm compelled to include the standard caveat. It's unlikely that anyone outside of top Party officials wil
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