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The Cambridge-INET Institute

 

China's Economic Recovery Gains Momentum

China's economy is picking up steam as the country continues to steadily recover from the economic turmoil caused by the coronavirus pandemic. The world's second largest economy expanded 4.9% in the July-to-September quarter compared to a year ago, according to new Chinese government statistics. It's a V shaped recovery, according to Dr. Meredith Crowley. She was interviewed on BBC Radio 4's Today programme, and said retails sales are up, but only by 3.2%. However, the worry is that the virus could come back, and that would slow down China's economy again.


Published on: Monday 19th October 2020

Tags:

China

COVID-19

Economic Growth

Recovery

Theme: transmission