China's economy is bouncing back: WSJ

NEW YORK, Aug. 25 (Xinhua) -- As much of the world struggles to contain the coronavirus, China's recovery is gaining momentum, positioning it to further close its gap with the U.S. economy, according to an article, "China's Economy, Bouncing Back, Gains on the U.S.," published on The Wall Street Journal on Tuesday.

According to the article, China is the only major economy expected to grow this year. J.P. Morgan recently boosted its 2020 China growth forecast to 2.5 percent from 1.3 percent in April. Economists at the World Bank and elsewhere have also upgraded their forecasts for China.