News Snapshot:
Organisation for Economic Cooperation and Development revises up its forecast for Chinese growth this year to 1.8 per cent, from a 3.7 per cent contraction projected in June Rapid control of the coronavirus outbreak allowed China to reopen businesses faster than other countries, but spending on services still remains subdued, the group says Bringing the coronavirus under control quickly with strict lockdown measures has ensured that China will see a ‘stable environment for the continued recovery of the domestic economy’. The rapid speed with which China tackled the coronavirus outbreak domestically allowed for the timely easing of strict confinement measures...
