China Reports 4.9% Surge In Year-On-Year Growth During July-Sept Quarter

China has witnessed a 4.9% surge in the economy during the July-September quarter 2020 as compared to the same quarter last year. Cabinet adviser, Qiu Baoxing stated, “By focusing on domestic circulation, we are actually enhancing our own resilience.” Another advisor Justin Lin Yifu said China's economy is expected to improve in the coming months, making it a global power-house accounting for "not less than 30%" of the world's economy.