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China Set to Post Return to Growth After Easing Lockdowns

  • Gross domestic product for second quarter seen at 2.4%: survey
  • Recovery is supply led though retail sales also seen expanding
People wearing protective masks walk along the Bund.
Photographer: Qilai Shen/Bloomberg
Updated on

China’s economy is set to post a return to growth for the second quarter, with a range of indicators due Thursday to confirm the upward trend as the nation slowly climbs out of the virus-induced slump.

Gross domestic product is forecast to have expanded 2.4% in the three months to June, according to the median estimate of economists surveyed by Bloomberg. That reverses the historic decline of 6.8% in the first quarter compared to the same period last year.