China’s Economy Grows 4.9% – Rest Of World Crippled By Wuhan Virus

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China’s economy has grown 4.9% in the third quarter, proving the country is back to its pre-pandemic trajectory with consumer spending and industrial production back at normal levels.

The country has bounced back quickly despite being the first country to suffer the coronavirus outbreak. As the virus spread across the globe, China was able to prevent internal spread and reopen their economy.

Chinese firms have benefited from strong global demands for masks and medical supplies, with exports rising 9.9% in September from a year earlier.

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