China’s economy grew 4.9% for the three months between July and September, providing further evidence that the world’s second-largest economy is rapidly recovering from the worst of the coronavirus pandemic.
The 4.9% growth in the third quarter of 2020 was better than 3.2% posted in the period between April and June, according to figures released Monday by the government’s National Bureau of Statistics.
Meanwhile, China’s industrial output rose 6.9% in September, while retail sales expanded 3.3% for the same month.
The statistics bureau said last week that China’s exports rose 9.9% in September compared to a year ago, and a significant increase from the 9.4% figure posted in August. Analysts say the rise in exports was spurred by global demand for Chinese-made personal protective gear and other medical supplies to curb the spread of COVID-19.
China’s economy was the first in the world affected by the outbreak of the novel coronavirus, which was first detected late last year in the central city of Wuhan.
Voice of America – English