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China Economy Grows 4.9% as Rest of World Struggles With Coronavirus

China Economy Grows 4.9% as Rest of World Struggles With Coronavirus

China Economy Grows 4.9% as Rest of World Struggles With Coronavirus
Result was lower than a 5.3% median forecast expected by economists polled by The Wall Street Journal
Workers at a medical-supply factory in China’s Hebei province on Oct. 16.
Workers at a medical-supply factory in China’s Hebei province on Oct. 16.

PHOTO: SIPA ASIA/ZUMA PRESS

By Jonathan Cheng
Updated Oct. 18, 2020 11:09 pm ET
BEIJING—Chinese officials said Monday that gross domestic product expanded by 4.9% in the third quarter from a year earlier, putting China’s economy back toward its pre-coronavirus trajectory half a year after the pandemic gutted its economy.

The 4.9% growth figure for the third quarter fell short of expectations but brings China’s trajectory closer in line with forecasts made at the beginning of the year for 2020 growth of between 5.5% and 6%—forecasts made before the pandemic swept across the globe, killing more than a million…

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