China’s economy grows 3.2%, the first economy on the rise since the coronavirus pandemic


China was the first country closed by coronavirus and became the first major economy to report quarterly growth.

The country reported a 3.2 percent expansion in the last quarter after antivirus blocks were lifted and factories and stores reopened.

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The growth was a dramatic improvement over the 6.8 percent contraction from the previous quarter.

Economists say China is likely to recover faster than other major economies due to the Communist Party’s decision to impose measures against the most intense diseases in history.

Those cut off most access to cities with a total of 60 million people and suspended trade and travel.

Manufacturing and some other industries are almost back to normal. But consumer spending is weak due to fear of possible job losses.

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The government promised in May to spend $ 280 billion on meeting targets, including creating 9 million new jobs. But it has avoided joining the United States and Japan in rolling out stimulus packages of $ 1 trillion or more due to concerns about increasing China’s already high debt.

China reported 4,634 coronavirus deaths and 83,611 confirmed cases.

The Ministry of Culture and Tourism said that tourist sites can allow 50 percent of their daily visitor capacity, compared to 30 percent, and that tours from one province to another can be resumed.

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In the three months ending June, the factory’s production increased 4.4 percent, but retail sales decreased 3.9 percent.

A possible obstacle is worsening relations with the United States, China’s largest national export market, due to disputes over trade, technology, human rights and Hong Kong.

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The two governments signed an agreement in January to postpone further tariff hikes in their fight for technological ambitions and Beijing’s trade surplus. But most of the already imposed increases remained in place.

Associated Press contributed to this article.