Udayavni Special

China’s economy grows 3.2 pc as virus lockdowns lifted


PTI, Jul 16, 2020, 8:58 AM IST

Beijing: China’s economy rebounded from a painful contraction to grow by 3.2 percent over a year earlier in the latest quarter as anti-virus lockdowns were lifted and factories and stores reopened.

The expansion reported Thursday, July 16 was a dramatic improvement over the previous quarter’s 6.8 percent contraction China’s worst performance since at least the mid-1960s. But it still was the weakest positive figure since China started reporting quarterly growth in the early 1990s.

China, where the coronavirus pandemic began in December, was the first economy to shut down and the first to start the drawn-out process of recovery in March after the ruling Communist Party declared the disease under control.

Manufacturing and some other industries are almost back to normal operating levels. But consumer spending is weak due to public unease about possible job losses. Cinemas and some other businesses still are closed and restrictions on travel stay in place.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Gautam Adani loses $12 billion in four days; no longer Asia’s second richest man

PM Modi launches crash course to skill, upskill over 1 lakh ‘Covid warriors’

HC to hear on June 24 Mamata’s petition challenging Suvendu’s election from Nandigram

A mix-and-match approach to COVID-19 vaccines could provide logistical and immunological benefits

MP: 4 Guards, 6 Dogs hired to protect world’s most expensive mango that sells for Rs 2.7 lakh per Kg

India records 62,480 fresh COVID-19 cases

Twitter India MD gets legal notice over Loni incident



Related Articles More

Gujarati girl on frontline in Israel Defense Forces fight against Hamas

Zambia’s first president Kenneth Kaunda no more; Nelson Mandela Foundation recalls him as champion of anti-colonial struggle

Pak soldier killed in terrorist attack in Balochistan

Big diamond found in Botswana, could be world’s 3rd largest

North Korea’s Kim Jong Un vows to be ready for confrontation with US

MUST WATCH

Heavy rain in Hebri

Udayavani News Bulletin 17-JUN-2021

Rain harvesting: Do you know how much water is stored for 15 minutes of rain?

Chandrakant Rao | Commercial Guava Farming in Udupi

Heavy rain continues in chikkamagaluru

Latest Additions

COVID-19: Over half crore people in Maha fully vaccinated in five months

SC refuses to cancel, postpone PG final year medical exams

Gautam Adani loses $12 billion in four days; no longer Asia’s second richest man

What is the role of animal serum in making of vaccines?

SC refuses to cancel, postpone PG final year medical exams

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.