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2020 - 08 - 20
China's recent economic data have shown that the country will be the first major economy to pull out of the crisis brought by the COVID-19 pandemic, as the country's recovery is accelerating, an Aug 9 Bloomberg report said.The report cited recently released July numbers revealing that the country's industrial production has picked up growth and stopped shrinking in the retail sales sector. The decline in investment for the first seven months also narrowed from the drop in the first six months, it said.Recent figures from China, including a better-than-expected trade performance, ha...
2020 - 08 - 17
Rebound in factory activities to boost economic momentum in key sectorsChina is one of a few large economies expected to expand and substantially contribute to global GDP growth in 2020 and 2021, said the authors of a latest report jointly issued by Oliver Wyman and Silk Road Associates.'Even with manufacturing challenges and the potentially longer and more pervasive challenges that may exist in some of the service sector, we still see growth across China and that being a key source of global growth,' said Peter Reynolds, partner and head of Oliver Wyman China.'We've seen a rel...
2020 - 08 - 13
Fresh data from the central bank showed that China's new yuan-denominated loans hit 992.7 billion yuan (about 142.4 billion U.S. dollars) in July, down 63.1 billion yuan compared with the same month of last year.Analysts polled by Reuters had predicted new yuan loans would fall to 1.20 trillion yuan in July, down from 1.81 trillion yuan in the previous month and compared with 1.06 trillion yuan a year earlier.The country's M2, a broad measure of money supply that covers cash in circulation and all deposits, rose 10.7 percent year on year to 212.55 trillion yuan at the end of Jul...
2020 - 08 - 10
China's economic rebound was better than expected in the second quarter (Q2) amid the COVID-19 epidemic, said a World Bank official.'It is indeed higher than what we had projected back in June when we released our Global Economic Prospects report, and we have upgraded our forecast accordingly,' Martin Raiser, World Bank country director for China, told Xinhua in an exclusive interview.China's economy grew 3.2 percent year on year in the second quarter, following a 6.8-percent contraction in the first quarter, according to the National Bureau of Statistics (NBS).NBS figures show...
2020 - 08 - 07
China's building materials sector saw generally stable production as the value-added output in June went up 4.8 percent year-on-year, official data showed.During the January-June period, the total output of the sector shrank by 2.2 percent year-on-year, narrowing 1.9 percentage points from the drop in the first five months, according to the Ministry of Industry and Information Technology (MIIT).In breakdown, the output of cement declined 4.8 percent year-on-year to 1 billion tons, while that of flat glass edged down 0.4 percent, basically recovering to the level recorded in the same period...
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