In April, China’s industrial output grew by 3.9 per cent, retail sales fell by 7.5 per cent and fixed asset investment fell by 10.3 per cent, suggesting an uneven recovery. Data suggests demand weaknesses remain, while for industrial engine overseas shutdowns will hamper growth before long.

Executives’
overall views on the economy continue to improve. As more and more economies
are recovering from the pandemic, perceptions of potential risks are evolving.