
NEW YORK, May 4 (Xinhua) -- China's reopening following the COVID-19 outbreak offers some "useful lessons" for other economies, an economist from Goldman Sachs told U.S. media on Monday.
"China started lifting lockdown measures on Wuhan last month when new cases were still surging in many countries. But China's experience so far showed that a full economic recovery will take time," said Andrew Tilton, chief Asia economist at the world leading investment banking company, in an interview with CNBC.
"I think the industrial sector probably comes back before the services side," he said. "But others, such as those in the tourism sector, may take longer to restart activity."
In China, policymakers appeared cautious about allowing businesses such as movie theaters and gyms to reopen, Tilton noted.
"That means there's still some way to go before the country returns to a situation that's close to 'normal'," said the economist. "In other countries, that would not happen until 2021."
Over the past few weeks, several countries started to ease restrictions imposed amid the pandemic, which include closing borders and suspending non-essential businesses, in a bid to boost economy. However, health experts have warned that rolling back those measures too quickly might lead to a surge in COVID-19 cases.
Fire brigade in Shanghai holds group wedding
Tourists enjoy ice sculptures in Datan Town, north China
Sunset scenery of Dayan Pagoda in Xi'an
Tourists have fun at scenic spot in Nanlong Town, NW China
Harbin attracts tourists by making best use of ice in winter
In pics: FIS Alpine Ski Women's World Cup Slalom
Black-necked cranes rest at reservoir in Lhunzhub County, Lhasa
China's FAST telescope will be available to foreign scientists in April
"She power" plays indispensable role in poverty alleviation
Top 10 world news events of People's Daily in 2020
Top 10 China news events of People's Daily in 2020
Top 10 media buzzwords of 2020
Year-ender:10 major tourism stories of 2020
No interference in Venezuelan issues
Biz prepares for trade spat
Broadcasting Continent
Australia wins Chinese CEOs as US loses