Business
China avoids recession despite coronavirus, trade disputes – Sydney Morning Herald
The Chinese economy has returned to growth just three months after businesses and workers were plunged into a negative quarter.
Like other major economies, property investment has also taken a tumble during the pandemic dropping by 8.4 per cent in the June quarter. The loss was offset by double-digit increases in industrial robot production, Chinese and western medicine sales and home entertainment products.
Deutsche Bank’s chief economist in China, Yi Xiong, said a “V-shaped recovery has largely…
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