China’s economic rebound strengthens amid global struggle with Covid-19 crisis

The world’s second-largest economy

The world’s second-largest economy accelerated its recovery in the third quarter, growing 4.9 percent from a year ago, according to new data from China’s National Bureau of Statistics (NBS).

The preliminary estimates show that China’s GDP totaled 72.3 trillion yuan (around $11 trillion) through September this year, the agency announced on Monday. That brings growth for the first nine months of 2020 to 0.7 percent year-on-year.

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