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2020 - 07 - 27
China saw its foreign trade rise 5.1 percent year on year in June, with exports and imports up 4.3 percent and 6.2 percent respectively, official data showed Tuesday.The country registered better-than-expected foreign trade performance in the first half of the year, said Li Kuiwen, spokesman of the General Administration of Customs (GAC) at a news conference.Foreign trade of goods went down 3.2 percent year on year in the first half to 14.24 trillion yuan (about 2 trillion U.S. dollars), narrowing by 1.7 percentage points compared with the decrease for the first five months.Following the turbu...
2020 - 07 - 23
China's economy grew by 3.2 percent year-on-year in the second quarter of the year, versus a 6.8 percent contraction in the first quarter, driven by a number of improving economic indicators, the National Bureau of Statistics said on Thursday.In the first half of the year, the country's GDP contracted by 1.6 percent from a year earlier to 45.66 trillion yuan ($6.53 trillion), the NBS said. The Chinese economy has steadily recovered as epidemic containment bore fruit, with people’s basic livelihood safeguarded and market expectation brightening, the bureau said in a statement.Industrial...
2020 - 07 - 20
China's value-added industrial output, an important economic indicator, went up 4.4 percent year on year in the second quarter as factories stepped up production amid COVID-19 control, data from the National Bureau of Statistics (NBS) showed Thursday.In June alone, industrial output went up 4.8 percent year on year, faster than the 4.4-percent expansion seen in May and marking the third consecutive month of growth, the NBS data showed.In the first half of the year, industrial output fell 1.3 percent, dragged down by the 8.4-percent slump in the first quarter as the novel coronavirus outbre...
2020 - 07 - 16
China is steadily reviving its economy as the country strives to contain COVID-19. The following facts and figures indicate how the country is forging ahead in the resumption of work and production:-- Sales of passenger cars in China rose in June as the market continued to recover, the latest industry data shows.The retail sales of passenger vehicles exceeded 1.65 million units last month, up 2.9 percent from the previous month, according to the China Passenger Car Association.It was the fourth consecutive month that the market saw month-on-month sales increase, the association said in its lat...
2020 - 07 - 13
12 nations mount united response to lift supply chains amid COVID-19China is working with a number of countries to spur pragmatic economic, trade cooperation, boost goods trade volume and stabilize industrial chains to facilitate regional and global economic recovery, the Ministry of Commerce said on Thursday.The joint ministerial statement issued by China's Ministry of Commerce, the Ministry of Trade and Industry of Singapore, and commerce authorities from 10 other countries-Australia, Brunei, Canada, Chile, Laos, Myanmar, Nauru, New Zealand, the United Arab Emirates and Uruguay-earlier t...
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