China economy bounces back from Covid-19 – Wall Street Journal
China was the first to lockdown cities as Covid-19 appeared in the city of Wuhan and it appears to be bouncing back quickly from the economic containment measures. As the Wall Street Journal reports, it has returned to growth. China's economy was in relatively good shape before Covid-19 struck, with growth in Gross Domestic Product of more than 6% last year. Some analysts have questioned whether China's statistics are accurate. Miguel Chanco, Pantheon Macro Asia economist, is quoted as saying that with growth probably flat in the second quarter. Investors were also less impressed with the latest growth signals out of China, with the Shanghai Composite falling on the news, reports The Telegraph. The Wall Street Journal notes that it is in China's interests for the rest of the world to return to normality. China is one of South Africa's trading partners. – Jackie Cameron
China is first major economy to return to growth since coronavirus pandemic
By Jonathan Cheng
BEIJING—China has become the first major economy to return to growth since the coronavirus started sweeping across the world earlier this year.
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