China is likely to see a ‘v-shaped’ recovery: PBOC

China’s economy is likely to pick up quickly after the coronavirus is contained and stage a “V-shaped” recovery, according to a senior official with the nation’s central bank. The “sound” fundamentals of the domestic economy remain unchanged in the medium to long run despite a short-term slowdown due to the epidemic, Chen Yulu, a deputy governor at the People’s Bank of China, wrote in an opinion piece in the Financial Times dated Feb. 20. The PBOC summarized the column in a separate posting Sunday. “China has sufficient policy space to support steady economic growth. China is one of the few major economies in the world that have maintained normal monetary policy,” wrote Chen.