China was the first major economy to return to growth following the damage caused by the coronavirus, growing 3.2 per cent in the second quarter compared to a year earlier after a record 6.8 per cent contraction in the first quarter. Photo: Reuters
As China’s economic recovery from the coronavirus gains momentum, what is the outlook?
- Sales of excavators and heavy trucks used in construction soared in August, with car sales, electricity generation and rail freight also rising from a year earlier
- A growing number of financial institutions have revised up their forecasts for China’s gross domestic product growth rate
China was the first major economy to return to growth following the damage caused by the coronavirus, growing 3.2 per cent in the second quarter compared to a year earlier after a record 6.8 per cent contraction in the first quarter. Photo: Reuters
