China's economy is on the path of recovery | Arriba Trends

China’s economy is on the path of recovery


When world is still fighting to win over the pandemic, China has started leading the world on the path of recovery. The Country is consciously showing improvement in the economy, though with the slow rate. The economic recovery has quickened in the third quarter due to relaxation in the caution against the virus. According to the official data released on Monday, the GDP growth rate is slower than 5.2 % as predicted by the analyst, but is more than 3.2% in the second quarter. However, the imposition of restrictions in Europe has increased the tensions of China, as it might affect China’s economy and many people may lose their jobs.

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