Asia is starting to see signs of economic recovery as it rides on the back of an upturn in China, which is entering a new expansion phase less than a year after it recorded the world's first cases of COVID-19.

While international attention has been focused on the looming U.S. election and the struggle to halt the spread of the coronavirus in the Americas and Europe, China has quietly been clocking up improvements in several key sectors.

After imposing some of the world's strictest lockdown measures early in the pandemic, China is now the only major economy forecast by the International Monetary Fund to report growth — of 1.9% — this year.