China's economy is back-ish. Without it the world would be on thinner ice

The numbers underscore projections last week from the International Monetary Fund that China will be the only major economy to advance in 2020

China’s economy is back-ish and the world can exhale. Without this rebound, the nascent global recovery would be on even thinner ice.  

The expansion reported Monday is close to the numbers China chalked up before Covid-19 tore through national and global commerce. Gross domestic product rose 4.9% in the third quarter from a year earlier. While that’s less than economists expected, it was an acceleration from 3.2% in the previous three months. The contraction of 6.8% between January and March, terrible as it was, is fading in the rearview mirror.

The numbers underscore projections last week from the International Monetary Fund that