China’s economy recovers faster than expected

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.