THE NEW YORK TIMES: Exports jumped and local governments engaged in a binge of debt-fueled construction projects. Even consumer spending is finally recovering.
BEIJING — As most of the world still struggles with the coronavirus pandemic, China is showing once again that a fast economic rebound is possible when the virus is brought firmly under control.
The Chinese economy surged 4.9 percent in the July-to-September quarter compared with the same months last year, the country’s National Bureau of Statistics announced on Monday. The robust performance brings China almost back up to the roughly 6 percent pace of growth that it was reporting before the pandemic. » | Keith Bradsher | Published, Sunday, October 18, 2020 and Updated Monday, October 19, 2020
