China Economy Rebounds in Q2 from COVID-19 Contraction with Uneven Recovery
Shaoyan Sun and Guofeng Wu - 5 August 2020
The National Bureau of Statistics (NBS) released Q2 Chinese economic data on June 17, 2020, which suggests China’s economy has undergone a fairly robust recovery from the COVID-19 damage it received over the first quarter. The Q2 GDP returned to a positive growth of 3.2%, marking a significant improvement from Q1’s slump of 6.8%. All three sectors (the primary, secondary, and service) expanded in the second quarter, up 3.3%, 4.7%, 1.9%, respectively, compared to the same period last year.