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China GDP: economy grew by 4.9 per cent in third quarter of 2020

Summary:
[unable to retrieve full-text content]China’s economy grew by 4.9 per cent in the third quarter compared to a year earlier, accelerating from growth of 3.2 per cent growth in the second quarter, the National Bureau of Statistics (NBS) announced on Monday.The world’s second-largest economy has recovered strongly after shrinking by 6.8 per cent in the first three months of the year – the first official contraction since the end of the Cultural Revolution in 1976 – due to the lockdown efforts aimed at stemming the tide of the…

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[unable to retrieve full-text content]
China’s economy grew by 4.9 per cent in the third quarter compared to a year earlier, accelerating from growth of 3.2 per cent growth in the second quarter, the National Bureau of Statistics (NBS) announced on Monday.The world’s second-largest economy has recovered strongly after shrinking by 6.8 per cent in the first three months of the year – the first official contraction since the end of the Cultural Revolution in 1976 – due to the lockdown efforts aimed at stemming the tide of the…

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