Surging exports and imports as well as improved consumption were an attestation to the strength of China’s economy. The effective containment strategy for the virus and quickly implemented stimulus measures have been key to turning the economy around after its historic contraction in the first quarter. The CCP can now, with great confidence, start getting ready for the Party’s centennial celebrations in 2021.

The rebound gathered pace over the third quarter, expanding the economy by 4.9 percent. With GDP for the first three quarters increasing by 0.7 percent, China looks likely to be the only large economy in the world that will end the year with positive economic growth. For foreign investors China has become something of a safe haven, with investments flowing into the country.

Pictures of masses of travelers packing train stations and flocking to China’s main tourist destinations over the national day holiday in early October were clearly intended to send a strong signal: China’s economy is roaring back to life.