China’s economy becomes the first to grow after COVID-19 outbreak
The nation of China, where the COVID-19 pandemic started sometime in December, was the first to shut down its economy and the first to start the drawn-out process of recovery in March after the ruling Communist Party declared the disease under control.
To the surprise of many people, as at today China has become the first major economy to grow since the start of the COVID-19 pandemic, recording an unexpectedly strong 3.2% expansion in the latest quarter after anti-virus lockdowns were lifted and factories and stores reopened.
Growth reported within the week for the three months ending in June was a dramatic improvement over the previous quarter’s 6.8% contraction, China’s worst performance since at least the mid-1960s. But it still was the weakest positive figure since China started reporting quarterly growth in the early 1990s.
Journalism requires funds to be effective and by your support, you are helping to sustain a journalism of relevance and ensuring it remains free and available to everyone, while still continuing to reach out to readers with incisive, entertaining, enlightening and helpful information.
