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MARKETWATCH reports:

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.

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