After shrinking by nearly 7% in the first three months of the year, the Chinese economy grew by more than 3% as the economy emerged from the lockdown.
All the stimulus measures announced by the authorities seem to be working, with factories getting busier, which was evident in growth in the industrial production data.

But one sector that hasn't recovered as quickly as they had hoped is retail sales.
They still fell in the second quarter, which means getting people to spend money again will remain a challenge.

And just as the economy starts to recover, tensions with the US are flaring up, especially over Hong Kong.

That's why some economists are reluctant to call it a V-shaped recovery just yet.