Infographic: Chinese Economy Returns To Growth After COVID-19 Shock

The Chinese economy returned to growth in the second quarter of 2020, after the coronavirus outbreak had resulted in the first quarterly GDP decline on record in Q1 2020. According to the National Bureau of Statistics of China, the country's GDP grew by 3.2% in the three months ended June 30 compared to the same period of the previous year, marking the second lowest growth rate since 1992 for the notoriously booming economy.

China's economic output had declined by 6.8% year-over-year in the first three months of 2020, after the coronavirus outbreak which originated in Wuhan (Hubei province) in December and the ensuing lockdown had stopped the country in its tracks. Prior to the COVID-19 crisis, China's economic growth had stabilized around 6% following a gradual slowdown from the more than 10% growth in the first decade the 21st century.