China's Q2 GDP Grows 3.2%, Beats Expectations

• China’s economy grew 3.2% in the second quarter of 2020, relative to the same period in 2019, recovering from a record contraction as lockdown measures ended and policymakers stepped up stimulus to combat the shock from the coronavirus crisis.
• The growth was faster than the 2.5% forecast by analysts in a Reuters poll, and followed a steep 6.8% slump in the first quarter, the first such contraction since at least 1992 when quarterly gross domestic product (GDP) records began.
• On a quarter-on-quarter basis, GDP rose 11.5% in April-June, the bureau said, compared with expectations for a 9.6% rise and a 10% decline in the previous quarter.

(Source: Reuters)