Gabriel Crossley, Kevin Yao
Gabriel Crossley, Kevin Yao
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China's economic recovery quickens as consumption returns

China's economic recovery quickens as consumption returns

By , BEIJING (Reuters) - 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 5.2% forecast by analysts in a Reuters poll but faster than the second quarter’s 3.2% growth.“China’s economy remains on the recovery path, driven by a rebound in exports. Consumer spending is also headed in the...

October 19, 2020
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