Caixin Editorial: How to Best Understand an Economic Recovery’s Ups and Downs

Private sector economics forms the backbone of the ongoing recovery. How well these companies do serves as the ultimate yardstick in measuring policy effectiveness

Workers produce electronics for a tech company in Fuzhou, East China’s Fujian province, on Wednesday. Photo: VCG

How to accurately identify the features of China economic recovery thus far has been clarified by the Communist Party of China’s (CPC) top decision-making body. Recently, the Politburo of CPC Central Committee met to analyze the current economic situation and plan the economic work for the second half of the year. “After a stable transition of epidemic control, economic recovery is a process of wave-like development and twisty progression,” the Politburo said.