China's economy rebounded from a painful contraction to grow by 3.2 per cent over a year earlier in the latest quarter as anti-virus lockdowns were lifted and factories and stores reopened.
A man wearing a face mask to protect against the coronavirus sells lotus flowers from a cart in the central business district in Beijing, Wednesday, July 15, 2020. BEIJING -- China's economy rebounded from a painful contraction to grow by 3.2% over a year earlier in the latest quarter as anti-virus lockdowns were lifted and factories and stores reopened.
The expansion reported Thursday was a dramatic improvement over the previous quarter's 6.8% contraction -- China's worst performance since at least the mid-1960s. But it still was the weakest positive figure since China started reporting quarterly growth in the early 1990s. China, where the coronavirus pandemic began in December, was the first economy to shut down and the first to start the drawn-out process of recovery in March after the ruling Communist Party declared the disease under control.
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