News Snapshot:
China, Asia You might want to be a little skeptical. China’s economy continued its recovery in the third quarter, growing 4.9 percent year over year, according to figures released Monday by that country’s National Bureau of Statistics, the bureau said in an English language press release. However, because of the drop in economic output due to the pandemic , China’s economy has only grown 0.7 year-to-date. And the 4.9 percent figure is actually lower than what was expected by Chinese economists, as cited by CNBC. “According to the preliminary estimates, the gross domestic product (GDP) of China was 72,278.6 billion...
