China was the first major economy in the world to lift the coronavirus lockdown in April. And the GDP results for the second quarter of 2020 are already visible: The economy grew by 3.2% year-on-year and 11.5% quarter-on-quarter. Experts had not expected such a rapid recovery.
However, the economic future still looks shaky for the coming months. Although industrial production rose by 4.4%, retail sales are still down by -3.9%.
Read more on Asia Times Financial.