China is now leading the charge for a global recovery based on its latest gross domestic product (GDP) data. The near-5% growth is a far cry from the slump the Chinese economy suffered at the start of 2020 when the pandemic first emerged. For the first three months of this year China’s economy shrank by 6.8% when it saw nationwide shutdowns of factories and manufacturing plants.
mandag 19. oktober 2020
China's economy continues to bounce back from virus slump
China's economy continues its recovery from the Covid-19 pandemic according to its latest official figures. The world's second-biggest economy saw growth of 4.9% between July and September, compared to the same quarter last year. However, the figure is lower than the 5.2% expected by economists.
China is now leading the charge for a global recovery based on its latest gross domestic product (GDP) data. The near-5% growth is a far cry from the slump the Chinese economy suffered at the start of 2020 when the pandemic first emerged. For the first three months of this year China’s economy shrank by 6.8% when it saw nationwide shutdowns of factories and manufacturing plants.
China is now leading the charge for a global recovery based on its latest gross domestic product (GDP) data. The near-5% growth is a far cry from the slump the Chinese economy suffered at the start of 2020 when the pandemic first emerged. For the first three months of this year China’s economy shrank by 6.8% when it saw nationwide shutdowns of factories and manufacturing plants.
