BEIJING - China returned to growth in the second quarter after the coronavirus pandemic handed the world's second largest economy its first contraction in decades, according to an AFP poll of analysts.
But analysts forecast China will be the only major economy to experience positive growth this year -- partly because it was first to be hit by COVID-19 and therefore first to recover. It raised its budget deficit target and set aside one trillion yuan of government bonds for COVID-19 control, working to prop up businesses hit by the virus fallout.
"Industrial sectors can recover faster than service sectors in the wake of the COVID-19 shock," Ma said.
Fake news
They didn't donate those medical equipment after all.
🐘💩💩💩
Matapos masira ang sa atin, dafuq
Propaganda!
wow thats fast
Miss ko na po kayo abs-cbn 🧡
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