China Moving On From Pandemic As Europe, Parts Of U.S. Brace For More

The SARS 2 pandemic is still raging on in Europe. Parts of the U.S. are seeing hospitals under duress. But China, where all this began, is moving along. China’s GDP grew 4.9% year-on-year in the third quarter, accelerating from 3.2% growth in the previous quarter, official data showed yesterday. Market consensus had it growing a little stronger than that — at 5.5% — but it’s better than the rest of the world’s economic progress as the pandemic continues. The latest encouraging data from China gives us an insight into the recovery in store once a vaccine is released and the outbreak is contained.