As COVID persists and US election nears, China growth lifts Asia | ABS-CBN News

While international attention has been focused on the looming US election and the struggle to halt the spread of the coronavirus in the Americas and Europe, China has quietly been clocking up improvements in several key sectors. After imposing some of the world’s strictest lockdown measures early in the pandemic, China is now the only major economy forecast by the International Monetary Fund to report growth – of 1.9% – this year. Official data showed China’s economy grew 4.9% in the September quarter from a year earlier, following 3.2% growth in the second quarter and a 6.8% contraction at the…