BEIJING, June 18 (Xinhua) -- As efforts to contain COVID-19 continue, China is steadily reviving its economy. The following facts and figures indicate how the country is forging ahead in the economic sphere:
-- China will further direct the financial institutions to support enterprises to help stabilize the economy, and expedite tax and fee cuts to ease burdens on market entities, according to a State Council executive meeting on Wednesday.
The meeting called for increasing monetary and financial policies' support to the real economy to help enterprises, especially micro, small and medium ones, tide over difficulties, while giving full play to the country's proactive fiscal policies, especially those for purposes like overcoming difficulties and unleashing market vitality.
-- China's electricity generation is rising at a faster pace after a significant increase in May, buoyed by growing demand, the State Grid Corporation of China said on Wednesday.
The country's power generation climbed by 9.1 percent year on year in early June.
"As a bellwether of China's economy, a hike in power generation shows the country's economic and social activities are returning to normal at an accelerated pace," said Shan Baoguo, deputy chief economist with the State Grid Energy Research Institute.
-- China will issue the third batch of special government bonds for COVID-19 control amid efforts to balance epidemic control with economic and social development, according to a statement on the ministry's website.
The 10-year fixed-rate bonds, worth 70 billion yuan (about 9.87 billion U.S. dollars), will be available for tenders on June 23 and become tradable on June 30.
On Monday, the ministry announced the issuance of the first two batches of special government bonds, including 50 billion yuan of five-year bonds and 50 billion yuan of seven-year bonds. Both will be listed and traded on June 23, 2020. Enditem
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