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Economy

China regains 1.1% GDP growth in Q2 on production rebound: Nikkei survey

Full-year estimate lowered to 1.6% as export headwinds and COVID-19 weigh

Chinese economy likely expanded in April-June period but recovery is far from a V-shaped rebound.    © Reuters

HONG KONG -- China's economy likely expanded 1.1% in the April-June period on a recovery in production and consumption, rebounding from a 6.8% contraction for the previous quarter during the peak of coronavirus cases in the country, according to the consensus of economists surveyed by Nikkei and Nikkei Quick News.

Estimates for the second quarter of 2020 ranged from negative 5.2% to positive 3.6%, with 22 of 26 economists who answered this question projecting growth.

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