China first major economy to grow since COVID-19 pandemic
en.setopati.com · Thu Jul 16 03:11:00 UTC 2020
China became the first major economy to grow since the coronavirus pandemic began, recording an unexpectedly strong 3.2% expansion in the latest quarter as anti-virus lockdowns were lifted and factories and stores reopened.
The growth reported Thursday was a dramatic improvement over the previous quarter’s 6.8% contraction — China’s worst performance since at least the mid-1960s. But it was the weakest positive figure since China started reporting quarterly growth in the early 1990s.
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