China's Economy Is Growing Again, Sort Of

Further scrutiny of China's 3.2 percent GDP growth in the second quarter of 2020 still shows uneven, slow healing from the COVID-19 crisis that leaves the Chinese economy vulnerable to setbacks and shocks, even as the headline number suggests a slight recovery from the country's deep dip earlier this year. Risks in the second half of the year include a renewed virus outbreak, residual Chinese consumer caution and weak business investment in manufacturing plants and equipment, shaky global demand for Chinese exports, heightening tensions with the United States, and severe flooding currently in much of the country....