Chinese economy withstands COVID-19 shocks

Since the COVID-19 outbreak, voices hyping China's economic recession are frequently heard in the West. "Halting China's economy was hard. Restarting it is harder," The New York Times reported. There are even politicians starting to "learn lessons" about "China-only" supply chains, suggesting weaning the world off the Chinese economy. 

To curb the spread of COVID-19, a majority of Chinese cities have hit the "pause" button on their busy production lines. This, undeniably, has exerted negative impacts on the country's manufacturing and service sectors. But figures released by the National Bureau of Statistics (NBS) on Monday indicate that the world's second largest economy has withstood the shocks of COVID-19.

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