China’s economy rebounds in Q2 after steep slump, consumption and investment still weak – ZAWYA

China’s economy rebounds in Q2 after steep slump, consumption and investment still weak – ZAWYA

china's economy rebounds in q2 after steep slump, consumption and investment still weak recovery looks uneven as demand at home and abroad    people wearing face masks walk on a bridge in shanghai, following the coronavirus disease (covid-19) outbreak, china june 17, 2020. image used for illustrative purpose.beijing: china's economy returned to growth in the second-quarter after a deep slump at the start of the year, as lockdown measures ended and policymakers stepped up stimulus steps to combat the shock from the coronavirus crisis.the world's second-largest economy was still not out of the woods, however, as consumption and investment remained in the doldrums, suggesting authorities will likely have to offer more support to strengthen the recovery.gross domestic product (gdp) rose 3.2% in the second-quarter from a year earlier, the national bureau of statistics said on thursday, faster than the 2.5% forecast by analysts in a reuters poll, but it is still the weakest expansion on record.the world's second-largest economy was still not out of the woods, however, as consumption and investment remained in the doldrums, suggesting authorities will likely have to offer more support to strengthen the recovery.beijing: china's economy returned to growth in the second-quarter after a deep slump