China's Economy Continues to Improve, Growing 4.9% in Q3 2020

Economics & Macro

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Andrea Lidwina 22/10/2020 15:00 WIB

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China's economy grew by 4.9% in the third quarter of 2020 compared to the same period the previous year. This growth is better than the previous quarter's 3.2% growth.

China's Year-on-Year (YoY) Economic Growth

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China's Economy Continues to Improve, Growing 4.9% in Q3 2020

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China's Year-on-Year (YoY) Economic Growth

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China's economy grew by 4.9% in the third quarter of 2020 compared to the same period the previous year. This growth is better than the previous quarter's 3.2%, but below the 5.2% projection of economists in the country.

Previously, China's economic growth was recorded as negative, reaching -6.8% in the first quarter of 2020 year-on-year due to the Covid-19 pandemic. However, significant improvement occurred in the following two quarters. Therefore, the country's economic recovery formed a V-shaped curve.

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."