Chinese economy recovered fast after virus crisis announced Q3 GDP grew 4.9%

 

The Chinese economy is recovering well. Survive recession While many countries around the world Still need to find a way out of the chaos of COVID-19 effects.

Latest Chinese National Statistical Office The third quarter of 2020 economic growth figures indicate that the Chinese economy has continued to recover, with GDP in the third quarter growing 4.9% compared to the same period last year. This is a continuous expansion for the second consecutive quarter after the 2nd quarter of 2020 grew 3.2%, but in the first quarter of this year was negative 6.8%, resulting in overall GDP for the first nine months of this year. The Chinese economy expanded at 0.7%.

However, the 4.9% GDP growth in China is below the expectations of analysts forecasts for a 5.2% growth in the third quarter, reflecting that China still has to deal with challenging issues and lack of factors. Of course a lot

“The International Monetary Fund (IMF) expects China to be the world’s only major economy with positive GDP this year. It is estimated to expand at 1.9% before expanding to 26.8% in 2021. “

The key factor contributing to the positive expansion of the Chinese economy is This is a result of China’s economy that began to continually recover. Since passing through the rou outbreak crisis The retail sector rose 3.3% in September and rose 0.9% in the third quarter. The industrial sector rose 6.9%, resulting in the first nine months of industrial production growing 1.2%. Up 4.3% The unemployment rate dropped to 5.4%.

China is the second largest economy in the world after the United States. After the COVID-19 epidemic began in China in late 2019, countries are still grappling with the virus crisis. And was severely affected by the economy

The Chinese economy recovered relatively quickly. After the Beijing government enforced a strict policy of lockdown and population tracking. Currently, the United States. It is still the country with the highest number of infected people in the world and is facing an employment crisis. While in Europe there were two outbreaks. Which will make the economy even worse

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