© Khunaspix Dreamstime.


China’s economy in the second quarter expanded 3.2% from a year earlier, rebounding from a historic coronavirus-induced contraction in the first three months of the year, as Beijing managed to largely bring the virus under control and restore economic activity.

Following the historic 6.8% on-year economic contraction in the first quarter, China is now the first of the major world economies to post positive growth after the Covid-19 pandemic began to ravage the global economy earlier this year.

The result beat a median forecast of a 2.6% increase expected by economists polled by The Wall Street Journal.

To read the full post, please click here.

You may also want to read this: “China GDP beats estimates, but June activity data shows recovery still uneven” (sub required).

And this: “US stock futures dip after Wall Street ends day with modest gains“.

Comment on this article

You must be logged in to post a comment.