This aerial picture shows the sun rising behind the skyline of Shanghai's Lujiazui Financial District of Pudong on Nov 13, 2018. - AFP
BEIJING (Xinhua): China has embraced its best quarterly economic performance of the year in the third quarter (Q3), rendering a 0.7-percent year-on-year expansion for the first nine months as the first major economy to return to growth following the economic fallout from Covid-19.
This marks a striking rebound from a 6.8-percent contraction in the first quarter when the virus took its drastic toll. With the outbreak gradually under control, the economy clawed back growth and notched a 3.2-percent growth in Q2. The third quarter saw a 4.9 percent year-on-year growth.
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