China's economy accelerates as virus recovery gains strength

China’s economic growth accelerated to 4.9% over a year earlier in the latest quarter as a shaky recovery from the coronavirus pandemic gathered strength

Via AP news wire
Monday 19 October 2020 03:21 BST
Virus Outbreak China
Virus Outbreak China (Copyright 2020 The Associated Press. All rights reserved)

China’s economic growth accelerated to 4.9% over a year earlier in the latest quarter as a shaky recovery from the coronavirus pandemic gathered strength.

China where the outbreak began in December, became the first major economy to return to growth with a 3.2% expansion in the quarter ending in June. Output contracted 6.8% in the year’s first quarter.

The ruling Communist Party began easing anti-disease controls and reopening factories, shops and offices in March after declaring the virus under control but has kept monitoring and some travel controls in place.

China has reported 4,634 coronavirus deaths and 85,685 confirmed cases, as well as three suspected cases.

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