China is seeing a strong economic rebound following a slump spurred by the lockdown to curb the coronavirus' spread, but don't count on that being the case for other major economies, says IMA Asia's Richard Martin.
IMA Asia's Richard Martin warns that many economies around the world are unlikely to see a strong economic bounceback like what is being seen in China at the moment.
China's official manufacturing Purchasing Manager's Index as well as a private survey, released recently, both showed manufacturing activity in the country expanding in May. "That's a V-shaped recovery you see in the , down sharply in February, back up in March, still strong in April, back up a little above 50 in May," Martin, who is managing director at the firm, told CNBC's "Street Signs" on Monday.Over the weekend, China's official manufacturing PMI for May came in at 50.6, according to the country's National Bureau of Statistics.
Among other markets in Asia, Martin said Vietnam and Taiwan could pull off a similar economic recovery.
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