COVID-19: China's economy continues to grow

A woman wearing a face mask walks out the Auchan supermarket in Beijing on October 19, 2020.

AFP

JOHANNESBURG - China is leading the charge for global economic recovery from the economic impact of COVID-19.

The world's second-biggest economy saw growth of 4.9% between July and September, compared to the same quarter last year.

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That would be good news for a country like South Africa because China is an important export destination for our country.

Chinese exports to South Africa totalled more than R90-billion in the first 8 months of 2019.

That country's economy shrank by 6.8% during the first three months of this year when it experienced nationwide shutdowns of factories and manufacturing plants.

Source
eNCA