China's economic bounceback can be a model for world economies

While West unleashes massive stimulus, Beijing looks to structural policies

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People walk across a street in Shanghai on May 2; China's rebound is still uncertain. © Getty Images

Hao Zhou is Unigroup Chair Professor and associate dean of the PBC School of Finance at Tsinghua University in Beijing and vice chair of the National Institute of Financial Research at Tsinghua.

For those used to seeing China's economy grow faster than virtually any other in the world, its 6.8% contraction in the first quarter may have come as a shock.

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