China Rebounds from Lockdown, Economy Grows 3.2% in Q2 2020

Economics & Macro

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Yosepha Pusparisa 08/09/2020 15:50 WIB

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China's economic growth rebounded in the second quarter of 2020, reaching 3.2%. The previous quarter had seen a contraction of -6.8%. Government economic stimulus is considered to have supported this

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China Rebounds from Lockdown, Economy Grows 3.2% in Q2 2020

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China's Economic Growth (Quarterly/YoY)

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China's economy began to recover in the second quarter of 2020. Economic growth in the country was recorded at 3.2%, after contracting by -6.8% in the previous quarter due to regional lockdowns.

This economic growth was higher than expected. All the economic stimulus provided by the government is considered to have successfully driven economic activity. However, the retail sector has not yet recovered, as it continued to contract in the second quarter of 2020, as cited by BBC.com.

In 2019, China managed to maintain its economic growth in the range of 6-6.5% in each quarter. However, this figure was lower than economic growth in other quarters in previous years.

Editor : Muhammad Ahsan Ridhoi

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."