BEIJING, KOMPASTV. In difficult times due to entanglement pandemic corona, economy China in the third quarter (July-September), it increased 4.9 percent on an annual basis. This realization grew higher than in the second quarter, namely 3.2 percent.
China, once again proving itself as a superpower that has economic fangs in the world. It doesn’t matter even though this realization is lower than the initial calculation of 5.2 percent. Because, until now, economic growth China, still the highest in the world.
In this period, the industrial sector rose 5.8 percent, higher than the previous quarter’s 4.4 percent. The service sector also accelerated, namely 4.3 percent compared to the previous quarter’s 1.9 percent.
Amazingly, retail sales increased by 0.9 percent, while the unemployment rate fell to 5.4 percent in September from August’s position of 5.6 percent.
“So far we can say that consumption has started to creep up from its current slump pandemic. The economic recovery has started and even shows signs of continuation in the fourth quarter, “explained Liu Aihua, a spokesman for China’s National Bureau of Statistics.
Proven Lockdown Does Not Kill the Economy
Economic recovery China in less than a year being beaten by corona, it should be a valuable lesson and should be looked at by many countries. Especially countries with leaders who are ignorant or tend to be arrogant at the start pandemic. In this century, China is the first country to carry out a lockdown, aka the isolation of areas due to the virus.
– .
