Exports exceeded expectations in August, with trade data highlighting China's recovery momentum
China is one step ahead in the "post epidemic era"
"China's economy has recently shown strong signs of recovery." In the view of South Korea's Jingxiang news, the improvement of export data is another reflection of China's economic recovery rebound. Among the world's major economies, China is undoubtedly the best in terms of growth.
Australia's GDP shrank 7% in the second quarter from the previous quarter, the biggest drop since records began in 1959, according to data released on the 2nd of this month. India's GDP fell 23.9% year-on-year from April to June this year, according to data released by India. UK GDP fell 20.4% month on month in the second quarter, and the US Department of Commerce revised data showed that GDP in the second quarter fell by 31.7% at an annual rate Among the G20 countries, only China's economy grew by 3.2% in the second quarter.
With the release of final data for the second quarter of this year by governments, we can clearly see that the success or failure of a country in fighting the epidemic is the most important factor in promoting economic development, according to the US political news network. China's economic recovery is gaining momentum at a time when most parts of the world are trying to curb the spread of the new coronavirus, the Wall Street Journal said recently. China is the only major economy expected to grow this year. Although this rebound is far less than China's rapid growth rate in the past few years, it still helps the world's second-largest economy to catch up with the United States. In 2020, the US economy is likely to contract by 8.0%.
"Good news for the global economy", Germany's focus weekly said on the 7th that China's import, export and economy have recovered and grown rapidly against the background of global recession, which shows that China has taken the lead in the "post epidemic era" and is one step ahead of other countries. However, this is not a zero sum game and will also lead other countries out of the crisis.
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