Poll sees China economy picking up pace in Q3

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Sun, 2020-10-18 00:23

BEIJING: China’s economic recovery gathered pace in the third quarter, according to a poll of analysts, with consumer spending gradually picking up as coronavirus fears eased, helping a wider rebound spurred by investment and exports.

Growth in July-September is expected to come in at 5.2 percent when official data is released on Monday, bringing the world’s second-largest economy closer to last year’s 6.1 percent annual expansion, even as countries around the world struggle to contain the deadly pandemic.

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