Despite experiencing a 6.8% economic decline in the first quarter of 2020, the Chinese Gross Domestic Product (GDP) grew by about 3.2% in the year's second quarter as factories and businesses slowly reopen as Covid-19 coronavirus lockdown protocols are relaxed. China's National Bureau of Statistics announced that for the first 6 months of the year, the economy of the country fell by 1.6%. In May, the nation's government announced that it would not set an economic growth goal for 2020, marking the first time the nation lacked a GDP target since records began in 1990.

The Chinese government has introduced measured to help boost the economy including rolling out tax breaks, fiscal spending, cuts in lending rates, and cuts in banks' reserve requirements.

While the numbers reported by the National Bureau of Statistics beat the expectations of many analysts, some skeptical analysts suggest that the numbers reported by the Chinese government may be higher than they are in reality in order to reassure investors and encourage more business. 

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