China’s rebound helps stabilise shattered world economy

Central bank Governor Yi Gang said Sunday that China has "pro-active fiscal policy” and "an accomodative monetary policy to support the economy.”

CHINA’S economic recovery from the depths plunged during the Covid-19 pandemic is providing support for a world economy suffering its deepest recession since the Great Depression.

Third quarter data due at 10 a.m. in Beijing Monday is expected to show gross domestic product climbed 5.5% from the same period a year earlier, according to the median of economists surveyed by Bloomberg News. Retail sales, investment and industrial production are all forecast to pick up in September, suggesting the recovery is broadening.