Central People Government of People Re : COVID-19 sends most G20 members into negative GDP growth, except China

After a drawn-out fight against the COVID-19 pandemic over the past half year, countries going through lockdowns to varying degrees have recently published the growth rate of their gross domestic product (GDP) in the second quarter, and ‘slump’ has become the buzzword. Nonetheless, be it ‘quarter-on-quarter’ growth or ‘year-over-year’ economic performance, China has grossed impressive positive growth from April through to June. And this is inseparable from the bolstering of anti-epidemic efforts. The world’s second-largest economy grew by 3.2 percent in April-June from a year earlier, reversing a 6.8-percent decline in the first quarter – the first contraction since at…