News Snapshot:
A year after the Covid-19 pandemic shuttered shops and closed factories, China’s economy has burst back to life. The country’s gross domestic product soared 18.3 percent in the first quarter of this year when compared to the same period in 2020, according to official figures announced Friday. That’s the biggest year-on-year leap since Beijing’s National Bureau of Statistics began releasing GDP figures in 1992. The surge fell just short of expectations, however, with one Reuters poll anticipating growth of 19 percent. It also illustrates the extent of the pandemic slowdown from which the world's second-largest economy is still recovering. In...
