Dhaka, July 15 -- After turning in its first contraction on record in the first quarter amid the epidemic, China's economy is back on a growth track in the second quarter, market estimates collected by the Global Times show, a feat that sets the economy apart from the rest of the world that is still seeing the disease acutely undermine growth.

Business owners and industry insiders, who have survived the growth-freeze and job-slashing pandemic, say they were prepared for the worst but are now seeing things are turning out better than expected. Attributing the snap-back V-shaped rebound largely to the nation's swift and effective coronavirus response, they told the Global Times that it was the nation's institutional advantages that helped ...