China could post 3Q GDP growth of 5% yoy on strong recovery in consumption, says report


People enjoy a light show at the Bund in east China's Shanghai, on Oct. 5, 2020, the fifth day of National Day and Mid-Autumn Festival holiday. -Xinhua/Wang Xiang

Oct 8: A solid improvement in domestic consumption, investment as well as manufacturing activity suggest the Chinese economy could grow 5% year-on-year in the third quarter of 2020, analysts told state-linked Global Times.

This signals a steady recovery in the world’s second-largest economy from the Covid-19 pandemic, they added.

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