Green Shoots in Chinese Economy Boost Confidence for Global Recovery
Jul 02, 2020
3 minutes
Copyedited by Madhusudan Chaubey
Although the coronavirus-battered world economy has not yet got out of the woods, encouraging signs in the Chinese economy have raised hopes that a broad-based recovery is in the offing.
Industrial rebound has been gaining momentum on the ground. The automobile market, hard hit by the pandemic globally, has seen a fast recovery in post-lockdown China, with sales hitting 2.19 million units in May, up 14.5 percent from the same period last year.
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