While China’s economy plunged following the outbreak of COVID-19, official data report that it has rebounded sharply. The San Francisco Fed’s China Cyclical Activity Tracker—or China CAT—confirms this, indicating modestly higher activity than China’s official data for the second quarter of 2020.
Learn more about China’s economic growth through quarterly updates to the China CAT data page.
The Federal Reserve Bank of San Francisco (SF Fed) works to advance the nation’s monetary, financial, and payment systems to build a stronger economy for all Americans. As part of the U.S. central bank, the SF Fed serves the Twelfth Federal Reserve District, which covers the nine western states—Alaska, Arizona, California, Hawai’i, Idaho, Nevada, Oregon, Utah, and Washington—plus American Samoa, Guam, and the Commonwealth of the Northern Mariana Islands. By pursuing our two key goals of maximum employment and price stability—known as the Fed’s dual mandate—we work toward supporting an economy that works for everyone.