Virus success brings strong recovery in retail sector in China


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By guest author Lia Zhu in San Francisco | China Daily | Driven by increased retail spending, China has seen more significant growth than other major economies, thanks to the effective measures to put COVID-19 under control, according to experts. Caption courtesy by China Daily China reported economic growth of 4.9 % year-on-year in the third quarter, up from 3.2 % in the second quarter. GDP growth reached 0.7 % over the first three quarters, turning positive from negative 1.6 % in the first half, according to the National Bureau of Statistics. The strong economic data indicate that China is...