More Quick Thoughts on the Recovery from the Crisis: Evidence from China

I have seen several accounts where people have warned that the recovery of the economy from the shutdown period will be very slow, with China being used as a major point of reference. For example, see this piece in the New York Times. I wont claim expertise on Chinas economy, but the evidence seems to suggest the opposite.

The highlight of this piece is the week recovery of retail sales which, if Im reading the chart right, are still 16 percent below year ago levels, one month after a...