China: Financial expansion increases
( MENAFN )An industry head stated in an interview with Xinhua that China's financial expansion has welcomed a cheering start in the first quarter of 2021 (Q1) and has a bright viewpoint.
Hoffman Cheong, EY China North managing partner stated that "Thanks to the effective measures that the government has taken to control the pandemic and stimulate the economy, we observe there is resilient momentum in the economic indicators coming from both the production and consumption sides".
In particular, cookery sales had almost returned to the level at the start of 2019, signifying strong sentiment of the populace to go out, meet people and spend money, added Cheong. "This is the underlying reason why we are confident in China's outlook."
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