China’s economy accelerates as virus recovery gains strength

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Tue, 2020-10-20 01:10

BEIJING: China’s shaky economic recovery from the coronavirus pandemic is gaining strength as consumers return to shopping malls and auto dealerships while the United States and Europe endure painful contractions.

Growth in the world’s second-largest economy accelerated to 4.9 percent over a year earlier in the three months ending in September, up from the previous quarter’s 3.2 percent, official data showed Monday. Retail spending rebounded to above pre-virus levels for the first time and factory output rose, boosted by demand for exports of masks and other medical supplies.

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