China's GDP grows 3.2% y/y in Q2, rebounds from Q1

Arirang News 2020-07-16

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중국 2분기 경제성장률 3.2%…코로나19 후 첫 경기 반등

China's economy has recovered in the second quarter from a record contraction the previous quarter due to the impact of COVID-19.
China's National Bureau of Statistics said Thursday that the economy grew over three percent on-year from April to June.
This follows as Beijing ended lockdown measures,... and stepped up stimulus measures to tackle the shock caused by the pandemic.
It is a sharp recovery from the whopping 6-point-8 percent contraction in the first quarter,...exceeding market expectations.
In the first six months,... China's economy fell 1-point-6 percent from a year ago.

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