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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...
2020 - 07 - 10
Many analysts have voiced confidence in the prospects for the Chinese economy despite the potential for short-term slowdowns during the outbreak.Takashi Kodama, head of the Economic Research Department at the Daiwa Institute of Research Group, based in Japan, said China has made noteworthy progress in its economic recovery. China also has taken steps to stabilize foreign trade and investment, injecting renewed confidence into globalization.'Overall, China is telling the world that its economy is sufficiently resilient to withstand the impact of the coronavirus,' Kodama said.China will ...
2020 - 07 - 08
Rebound in nation fueled by business resumption and investment stimulusChina's economy has staged a fast recovery from the COVID-19 impact, with the year-on-year GDP growth likely to turn positive at above 2 percent in the second quarter of the year, economists said on Monday.Business resumption and investment stimulus have been the key ingredients of the economic rebound, while the country still needs to deal with mounting uncertainties while trying to sustain the recovery, they said.Attention has been focused on the performance of China's economic recovery from the COVID-19 disruptio...
2020 - 07 - 02
The newly released data from China's National Bureau of Statistics has shown that the country's economic recovery gained momentum in May as positive indicators keep growing.At a time when the world has been hit hard by the COVID-19 pandemic, China's steady economic resumption is injecting confidence and impetus into the gloomy global economy.Data from the National Bureau of Statistics (NBS) showed Monday that factory activities continued to pick up in May with the value-added industrial output, an important economic indicator, going up 4.4 percent year on year. Other key economic i...
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