WASHINGTON, July 17 (Xinhua) -- China's V-shaped economic recovery continued for a fourth consecutive month in June, led by strong domestic demand, according to a U.S. investment expert.
The recovery of sales of autos and homes in China last month reflects that "middle-class and wealthy consumers have both sufficient money and enough confidence in the future to spend it", Andy Rothman, investment strategist at San Francisco-based investment firm Matthews Asia, wrote Thursday in an analysis about China's economic resilience.
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