February 11, 2021 — The Chinese government’s effective measures to contain the spread of COVID-19 will lead to further GDP growth this year but the cancellation of some Chinese New Year celebrations will drag down consumer spending, according to Alicia Garcia Herrero, Asia economist at the Hong Kong offices of French investment bank Natixis.
Business and consumer sentiment has been dented by new containment measures before the Chinese New Year, but an increasingly stronger renminbi will be of some comfort to seafood importers, Garcia Herrero said.