Goldman Sachs' chief Asia economist Andrew Tilton told CNBC's"Street Signs Asia" he is"reasonably upbeat" on the economic recovery going into 2021.
"We just had a round of purchasing managers indices which were almost all better month-on-month, suggesting that industrial sector momentum remains pretty good," he added.in September, affirming the world's second largest economy is recovering from the pandemic. "You do see relatively more sluggish recovery in consumer spending there, but I think given the good control of domestic transmission of the virus in China, we are seeing services activity come back there as well. It is farther behind than manufacturing, but it is recovering," Tilton added.
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