SCMP participated in hashtag #TEDTAlk for an overview of how China and Asia responded to the outbreak where they discussed how China’s manufacturing economy bounced back strongly after lockdown. It stated that China’s official manufacturing PMI in March was 52, back from an all-time low in February and higher than forecasts and the manufacturing engine bounced back strongly after the shutdown. However, the strong recovery comes amid fears of a second economic hit, with demand set to collapse in export markets under coronavirus lockdown. the hashtag is one of the most trusted leading global publishers to cover the coronavirus topics with expertise in journalism. SCMPs Search Performance for the word ‘Coronavirus’: tracked 6.41M impressions with 282K clicks. They have been 4th position in terms of publisher performance on Google for Coronavirus-China related topics.
In conversation with CEO Gary Liu speaking with Head of TED Chris Anderson and current affairs curator, Whitney Pennington Rodgers the discussion reflects, how China was the first major economy to shut down to contain the coronavirus pandemic, which is now ripping through the rest of the world. Its recovery is being watched closely by policymakers around the globe in the hope that a quick bounce-back may be possible. In a statement accompanying the data, an NBS spokesman attributed the positive PMI to the successful efforts to reopen large parts of the Chinese economy. While China’s collapse over the first two months of the year was a supply-side catastrophe. However, the element of the new order of the manufacturing PMI was 52 in March, suggesting producers are positive about the month ahead domestically. Exports account for about 20 percent of China’s gross domestic product.
Having taken weeks to reopen factories, manufacturers are now reporting lower export orders from international clients. However, with the global economy now in a turmoil, the recovery may be relatively short-lived. Most analysts are expecting a prolonged slump worldwide.
