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"China sacrificed the economy of Hubei province to buy time for the world to be better prepared for the virus. As the mobility of the country's entire population of 1.4 billion people was restricted, its economic activities literally ground to a halt for weeks," he said.
"China's forex reserves will stay generally stable despite fluctuations," said SAFE.
"Crucially, consumer spending is catching up after a slow start and complementing what has been an industrial-led recovery," the report commented, foreseeing retail spending to get a boost from the Singles' Day shopping festival, which fell on Nov 11.
"China's AI talent (pool) is only half that of the United States, which may (hinder) future development of (the) AI industry (here)," a report from the Tencent Research Institute stated.
"China's economic restructuring may not have a major adverse effect on the supply and demand side of the economy," Zhang said.
