China Will Likely Show Covid-19 Recovery Can Be Real: Eco Week

(Bloomberg) — China is about to show the world that its economy is pulling further out of the chasm created by the coronavirus, setting it apart from other nations struggling to avoid renewed lockdowns.Gross domestic product for the third quarter — due Monday — is forecast to come in at a 5.5% expansion from a year earlier, recovering all of the lost ground from the historic contraction in the first three months of the year.Global trade has been an unexpectedly strong driver for the world’s second-largest economy, and even still-cautious domestic consumers are becoming more confident. That returning optimism is …read more

Source:: Yahoo Finance


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