ANALYSIS-China and U.S. economies diverge over coronavirus response Business


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Article ANALYSIS-China and U.S. economies diverge over coronavirus response About 11 months after the Wuhan outbreak, China's official GDP numbers this week show not only that the economy is growing, up 4.9% for the third quarter from a year earlier, but also that the Chinese are confident enough the virus has been vanquished to go shopping, dine and spend with gusto. China's total reported death toll is below 5,000 and new infections are negligible, the result of draconian lockdowns, millions of tests, and strict contact tracing that set the stage for an economic rebound. Reuters | Updated: 22-10-2020 01:21 IST...