China’s Economic Activity Is Recovering

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ValueWalk

In his podcast addressing the markets today, while commenting on China, Louis Navellier offered the following commentary. Recovering ChinaThe good news for global GDP growth is that China’s economic activity is recovering as its Covid-19 shutdowns ease. As an example, Tesla Inc (NASDAQ:TSLA) announced on Tuesday that its Shanghai plant was operating at 70% capacity. Both Tesla and VW Group (ETR:VOW3) also said that they would continue to keep their workers at their Shanghai manufacturing plants isolated in “closed loop” management systems until June 10th. Approximately 10,000 workers are stayi…

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