China Becomes a Refuge for U.S. Companies After Overcoming Covid-19
The Chinese economy expanded 3.2% from a year earlier in the second quarter, and could be the only major global economy to grow in 2020. WSJ's Jonathan Cheng explains the country's strategy to front-load the economic pain in the early stages of the pandemic. Photo: Alex Plavevski/Shutterstock
SHANGHAI—China has long been an important destination for U.S. companies. In the June quarter, the world’s second-largest economy became a vital refuge for many of them as China’s rebounding consumer economy helped offset the damage from tumbling sales back home.
