China Becomes First Major Economy to Rebound After Coronavirus

I put out a video here recently where a psychologist said that lockdowns and social distancing may cause so much stress that it could have a bigger negative effect on the economy than Covid-19. But it needn't be so, as China shows, and wearing masks may mean we never need to ever lockdown again.


Time

China became the first major economy to grow since the start of the coronavirus pandemic, recording an unexpectedly strong 3.2% expansion in the latest quarter after anti-virus lockdowns were lifted and factories and stores reopened.

China Becomes First Major Economy to Rebound After Coronavirus

The BBC

Coronavirus: Chinese economy bounces back into growth

China's economy grew 3.2% in the second quarter following a record slump.

The world's second biggest economy saw a sharp decline in the first three months of the year during coronavirus lockdowns.

But figures released on Wednesday show China's Gross Domestic Product (GDP) returned to growth during April to June.

The numbers are being closely watched around the world as China restarts its economy.

Coronavirus: Chinese economy bounces back into growth