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China first major economy to return to growth since coronavirus shock, but doubts remain about second half outlook

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[unable to retrieve full-text content]China on Thursday became the world’s first major economy to report positive economic growth after the coronavirus shock, although major questions remain over whether the momentum seen in the second quarter will continue in the second half of the year.On the surface, the world’s second biggest economy posted an impressive rebound in the April-June period, underpinned by improvements in industrial output, retail sales and fixed-asset investment. But the outlook is clouded by escalating…

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Tyler Durden writes Daily Briefing – August 4, 2020

[unable to retrieve full-text content]
China on Thursday became the world’s first major economy to report positive economic growth after the coronavirus shock, although major questions remain over whether the momentum seen in the second quarter will continue in the second half of the year.On the surface, the world’s second biggest economy posted an impressive rebound in the April-June period, underpinned by improvements in industrial output, retail sales and fixed-asset investment. But the outlook is clouded by escalating…

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