Newscast - Africa

Chinese Economy Bounces Back Into Growth


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China's economy grew 3.2% in the second quarter following a record slump.
The world's second biggest economy saw a sharp decline in the first three months of the year during coronavirus lockdowns.
Figures however released on Wednesday show China's Gross Domestic Product (GDP) returned to growth during April to June.
The numbers are being closely watched around the world as China restarts its economy.
The figure is higher than experts were predicting and points towards a V-shaped recovery which is a sharp fall followed by a quick recovery.
It also means China avoids going into a technical recession - signified as two consecutive periods of negative growth.
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Newscast - AfricaBy Africa Business Radio