Coronavirus: Chinese economy bounces back into growth

Sun Online Desk

16th July, 2020 09:20:17 printer

Coronavirus: Chinese economy bounces back into growth

China's economy grew 3.2% in the second quarter fllowing a record slump.

The world's second biggest economy saw a sharp decline in the first three months of the year during coronavirus lockdowns.

But figures released on Wednesday show China's Gross Domestic Product (GDP) returned to growth during April to June, BBC reported.

The numbers are being closely watched around the world as China restarts its economy.

The figure is higher than experts were predicting and points towards a V-shaped recovery - that is, a sharp fall followed by a quick recovery.

It also means China avoids going into a technical recession - signified as two consecutive periods of negative growth.

 


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