China’s economy rebounds in Q2 after steep slump, consumption and investment still weak | Malay Mail

  • 📰 malaymail
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 86%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

BEIJING, July 16 — China’s economy returned to growth in the second-quarter after a deep slump at the start of the year, as lockdown measures ended and policymakers stepped up stimulus steps to combat the shock from the coronavirus crisis. The world’s second-largest economy was still not out...

Thursday, 16 Jul 2020 10:12 AM MYT

The world’s second-largest economy was still not out of the woods, however, as consumption and investment remained in the doldrums, suggesting authorities will likely have to offer more support to strengthen the recovery. The GDP numbers are being closely watched around the world, especially as many countries continue to grapple with the Covid-19 pandemic even as China has largely managed to contain the outbreak and has begun to restart its economic engines.

On a quarter-on-quarter basis, GDP jumped 11.5 per cent in April-June, the NBS said, compared with expectations for a 9.6 per cent rise and a 10 per cent decline in the previous quarter. While the economy is showing a steady recovery, a hard battle still lies ahead as the situation remains severe both at home and abroad, state radio quoted Premier Li Keqiang as saying on Monday.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Morgan Stanley posts record quarterly profit, Bank of America earnings more than halve in Q2NEW YORK: Morgan Stanley posted a record quarterly profit that blew past analysts' expectations as another of Wall Street's big investment banks gaine...
Source: theSundaily - 🏆 25. / 51 Read more »