China's Amazon Shows Covid-19 Economic Recovery in the Country
October 20, 2020
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2:30Now PlayingChina's Amazon Shows Covid-19 Economic Recovery in the Country
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as posted by the channelAs the economic impact of the coronavirus ripples through the global economy, China’s recovery from the pandemic continued in the third quarter and showed signs of broadening in September. Consumer spending accelerated, keeping the economy on track to be the world’s only major growth engine this year.
No place is more symbolic of China's economic recovery than an online shopping fulfillment center like JD.com, Amazon's counterpart in China.
Underpinning the recovery has been the containment of the virus that has allowed factories to quickly reopen and capitalize on a global rush for medical equipment and work-from-home technology. That export strength was offset by a recent increase in imports, depressing the contribution of net trade to output growth.
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