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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...
2020 - 06 - 28
Beijing Customs said Thursday that its imports and exports in the first quarter of this year totaled 625.42 billion yuan (about $88.34 billion), down 6.2 percent from the same period last year.From January to March, imports of Beijing reached 502.98 billion yuan, down 8.4 percent year-on-year, while exports increased by 4.4 percent to 122.44 billion yuan.Imports and exports of State-owned enterprises in Beijing dipped 6.6 percent year-on-year to 465.77 billion yuan, accounting for 74.5 percent of the total value of imports and exports in the capital during the period. Imports and exports of fo...
2020 - 06 - 23
China has sufficient policy tools to tackle economic challenges amid the novel coronavirus pandemic, and the fiscal and financial system is generally stable, Yang Weimin, a member of the 13th National Committee of the Chinese People's Political Consultative Conference (CPPCC) said a speech on Sunday.Both fiscal and monetary policies have 'sufficient ammunition', to support economic growth, Yang, who is also former deputy head of the Office of the Central Leading Group on Financial and Economic Affairs, said.The government has launched many measures, such as raising the debt-to-GDP ...
2020 - 06 - 19
China's economy is on the track to recovery given the recently announced economic indicators, before rebounding in the second half of the year, a South Korean expert said Monday.'China's economy is on a recovery track as before thanks to several stimulus packages from the Chinese government,' Piao Renjin, an analyst at NH Investment & Securities in Seoul, told Xinhua.China's GDP contracted 6.8 percent year on year in the first quarter owing to an economic fallout from the COVID-19 outbreak across the world.The analyst predicted a zero-percent change in second-quarter GD...
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