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China’s economy accelerates, broadening recovery from pandemic

WorldNews Monday, 19 October 2020
China’s economy accelerates, broadening recovery from pandemicChina’s economic recovery from the depths plunged during the Covid-19 pandemic continued, providing support for a world economy suffering its deepest recession since the Great Depression. Gross domestic product climbed 4.9 per cent in the third quarter from a year ago, according to data released in Beijing Monday. That’s lower than economists forecast, but faster than the 3.2 per cent expansion seen in the second quarter. Retail sales expanded 3.3 per cent in September, industrial production grew 6.9 per cent in the month and investment growth accelerated to 0.8 per cent in the nine months to the end of the quarter. Despite the weaker-than-expected GDP performance, output expanded 0.7 per...
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News video: China's Economy Surges Following Coronavirus Lockdown

China's Economy Surges Following Coronavirus Lockdown 00:57

The nation's economy exhibited a quick recovery, growing 4.9 percent in the third quarter of this year.

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