China’s virus recovery has so far put it on track to be the only major economy expanding this year, according to IMF forecasts
BEIJING – China’s economy powered ahead in the third quarter, data showed Monday, building on a strong recovery from painful coronavirus lockdowns, while the country’s crucial army of consumers picked up their spending last month as they grow more confident.
However, the expansion fell short of forecasts and officials warned of uncertainty as the disease continues to ravage other key markets, with the National Bureau of Statistics saying “the international environment is still complicated”.
Having essentially shut down major cities around the country to fight the virus, China’s economy saw an unprecedented contraction in the first three months of the year but with new infection…
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
