 "China")
China’s slowing V-shaped recovery sends global warning
The world is keenly watching China's rebound from the depths of the coronavirus pandemic and the signals aren't very promising. According to a Bloomberg poll, China's growth rate has probably moderated to eight per cent from a record gain of 18.3 per cent in the first quarter. The People's Bank of China (PBOC) too has cut the reserves that banks can hold to boost lending. After a sharp revival, owing to a last year's low base, the softening of growth is expected, but has it come too soon is the question puzzling many
