The coronavirus pandemic has impacted economies around the world. In the first quarter, China’s GDP contracted by 6.8 %. The International Monetary Fund estimates the global economy will contract by 4.9 % this year.
But China is showing that when the pandemic is under control, a quick recovery is possible. In the second quarter, China’s GDP rose 3.2 % – more than what was expected.
CGTN’s Sun Ye reports.
Joining the panel:
- Einar Tangen is a current affairs commentator.
- John Gong is a Professor of economics at the University of International Business and Economics
- John Quelch is Dean of the University of Miami Business School.
- Klaus Larres is a Professor of History at the University of North Carolina at Chapel Hill.
China has urged the UK to “correct its wrong behaviour” over Huawei 📵
China could now reduce investment in the UK 🇬🇧https://t.co/soNqOFf49R
— CGTN Europe (@CGTNEurope) July 16, 2020
#Opinion: China's economic recovery in Q2 is expected to be a highlight in the world amid #COVID19, and business model upgrade is crucial for new jobs in H2. https://t.co/QrepHCO5Nv pic.twitter.com/eeE7PqqbOk
— Global Times (@globaltimesnews) July 13, 2020