China's GDP again in the positive zone

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Beijing, Ta. 16 July 2020, Thursday

In the June quarter, China's economic growth rebounded to 7.50 percent year-on-year. In the previous quarter, China's GDP had shrunk by 2.50 per cent. After the lifting of the lockdown, industrial and trade activities resumed in China, which saw an increase in GDP. China's GDP performance in the March quarter was the worst since the mid-1990s.

However, the current June quarter growth rate is the lowest since China began providing quarterly results in the early 1990s.

China was the first nation in the world to implement a lockdown after the corona outbreak in December last year. It was also the first country to lift the lockdown in March.

Production and other activities in China are returning to normal. However, consumption costs are still low for fear of losing jobs. However, cinemas and other public facilities are still closed and travel restrictions are in place. On the one hand, China is recovering economically from the Corona epidemic, while its neighbors India, Singapore and Pakistan are still in a state of turmoil.


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