China’s Economic Rebound Picks Up Speed on Car and Home Sales

China’s economy picked up speed in August as a strong industrial sector and stock market, better business confidence and home and car sales combined to boost the first economy globally to emerge from the Covid-19 slump.

That’s the assessment from the earliest available indicators, which showed China’s economy continuing to improve. The final result in July was also stronger than initially seen, given better results from purchasing manager indexes and more robust sales of homes and autos in the latter part of the month.