China's economy has returned to growth just three months after businesses and workers were plunged into a negative quarter, putting Beijing in a better position to confront multiple international disputes | ErykBagshaw
China's economy has returned to growth just three months after businesses and workers were plunged into a negative quarter, putting Beijing in a better position to confront multiple international disputes.
The figures, which often rely on provinces to self-report to meet official government targets, are closely watched as a guide to the Chinese Communist Party's confidence in their economy, foreshadowing their future level of investment with implications for worldwide exports including Australia.They also reveal progress on key targets, including narrowing the gap between the rich and the poor and eliminating poverty.
Liu Aihua, the director general of the National Bureau of Statistics, said on Thursday the results showed the economy's resilience after it avoided two consecutive negative quarters, the technical definition of a recession.
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