{"id":82635,"date":"2020-10-20T11:27:50","date_gmt":"2020-10-20T11:27:50","guid":{"rendered":"http:\/\/blastingskyhawk.com\/?p=82635"},"modified":"2020-10-20T11:27:50","modified_gmt":"2020-10-20T11:27:50","slug":"chinese-economy-shows-sign-of-recovery-but-not-out-of-covid-19-shadow","status":"publish","type":"post","link":"https:\/\/blastingskyhawk.com\/english\/chinese-economy-shows-sign-of-recovery-but-not-out-of-covid-19-shadow\/","title":{"rendered":"Chinese economy shows sign of recovery but not out of COVID-19 shadow"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">China\u2019s Gross domestic product grew 4.9% in third quarter, as per official data released by Chinese National Bureau of Statistics on Monday.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Releasing the data in Beijing on Monday, Chinese National Bureau Spokeswoman Liu Aihua, said that the world\u2019s second-largest economy grew 0.7% in the first nine months from a year earlier. However, she said that economy is still in the process of recovery. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Experts believe that China has shown some signs of recovery from a record slump caused by COVID-19 in the first months of the year 2020 but it is less than expected. This growth is driven by a rebound in exports but impact of COVID-19 elsewhere in the world may impact Chinese economy.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The return of lockdowns in Europe and another wave of coronavirus infections in some countries will hurt consumer spending and may impact China\u2019s economy negatively. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The services sector, which already accounts for over 50% in GDP, has shown a bit slow recovery. But, retail sales and exports have shown a rebound.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Exports and property-related sectors are faring quite well, while consumption lags a bit.Growth in the industrial output has rebounded, mostly due to recovery in exports. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>China\u2019s Gross domestic product grew 4.9% in third quarter, as per official data released by Chinese National Bureau of Statistics on Monday. Releasing [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":82636,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[87],"tags":[],"class_list":["post-82635","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world"],"_links":{"self":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/82635","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/comments?post=82635"}],"version-history":[{"count":1,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/82635\/revisions"}],"predecessor-version":[{"id":82637,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/82635\/revisions\/82637"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media\/82636"}],"wp:attachment":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media?parent=82635"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/categories?post=82635"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/tags?post=82635"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}