BUSINESS

China Sees Economic Recovery Amid COVID-19 Pandemic

China’s economic recovery accelerated in the third quarter as consumers shook off their coronavirus caution, although the weaker-than-expected headline growth suggested persistent risks for one of the few drivers of global demand.

Gross domestic product (GDP) grew 4.9% in July-September from a year earlier, official data showed on Monday, slower than the projection by analysts but faster than the second quarter’s 3.2% growth.

Yvad Billings, Readers Bureau, Contributor

Edited by Jesus Chan

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