China was the first country hit by the coronavirus and suffered a huge economic slowdown at the beginning of the year.
But with COVID-19 under control, Beijing has been able to stage a strong recovery: its GDP for the third quarter grew 4.9%, compared to the same period last year.
This makes China the only major economy to post a significant rebound following the pandemic slump.
CGTN’s Sun Ye reports from Beijing.
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.
- Dan McClory is Managing Director and Head of China for Boustead Securities.
- William Lee is Chief Economist at The Milken Institute.
China's economic recovery gathered pace in the third quarter of 2020. GDP growth in July-September registered at 4.9% from a year earlier, boosted by investment and exports.https://t.co/knUBwjRPXF pic.twitter.com/Tp0M8JMAjX
— CGTN America (@cgtnamerica) October 19, 2020
China's economy accelerates as virus recovery gains strength https://t.co/WdIedBg5x9
— The Independent (@Independent) October 19, 2020