BEIJING/SEOUL - Asia is starting to see signs of economic recovery as it rides on the back of an upturn in China, which is entering a new expansion phase less than a year after it recorded the world’s first cases of COVID-19.
After imposing some of the world’s strictest lockdown measures early in the pandemic, China is now the only major economy forecast by the International Monetary Fund to report growth - of 1.9% - this year. For China’s neighbours, that growth is increasing demand for their exports and supporting activity in their own economies. “China remains the only major commodity consumer where industrial production is now higher than pre-COVID levels,” Commonwealth Bank of Australia analysts said.
Exports soared 15.6% in the third quarter, the biggest rise since 1986 and largely reversing a 16.1% contraction in the second quarter. That is giving the Bank of Japan some optimism over the domestic outlook, with industry feedback pointing to improving demand from China. There are risks to the outlook, however, including the potential that some economies shut down again to tame the coronavirus, a scenario mining giant Rio Tinto flagged in a production report.
China Rise to Power beltandroad stringofpearls AIIB Kazakistan Belarus Poland germany Russia and the IceSilkRoad in the NorthernSeaRoute CentralAsia and WestAsia to the PersianGulf and the Mediterranean.
Still talking about fake planned pandemic? Bill Gates depopulation programme is in the corner. The DNA will be changed forever. After death also the scientists will never know who was that dead! Wake up
Don't buy into the ChinaLie. Figures are just made up by China. Everything is fake.
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That's because we have a dumpster fire 'controlling' the country!! MAGA
Hell, CCP, is this you?
90% of news about covid and trump
CCP Propaganda
It's all working out
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