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Considerable differences between major economies can be seen, such as upward revisions in China, the United States and Europe, but weaker-than-expected outcomes in India, Mexico and South Africa.

Considering that the COVID-19 pandemic in other parts of the world had greatly reduced economic and trade activity in the second quarter－which affected Chinese exports and foreign investment in the country－China's hard-won 3.2 percent GDP growth in the April-June period is quite impressive.

Consumer confidence posted strong momentum in non-first-tier cities, with the fastest growth in rural areas, while the eastern and southern parts of China registered strong CCI expansion, according to the survey.

Connected. China is becoming more and more connected to the outside world, especially in terms of travel. Chinese people now have a footprint outside of China, travel to various global destinations, contribute greatly to the global travel industry and also originate creative travel peak seasons, for example the Golden Week and the Spring Festival.

Consumption is playing a vital role in shoring up the economy that was hit hard by the novel coronavirus outbreak, said Wang Qiang, an associate professor of the Business School at the Renmin University of China.