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Economy

Factbox: China's progress on economic resumption

July 03, 2020


Abstract : 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 resumption of work and production.

BEIJING, July 2 (Xinhua) -- 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 resumption of work and production:

-- Chinese firms reported an improving business climate in the second quarter of the year, a central bank survey showed Thursday.

The business climate index stood at 42.7 percent for the April-June period, 12.4 percentage points higher than the first quarter, reported the People's Bank of China based on a survey of over 5,000 industrial firms.

Respondents also reported improving profitability, with the index surging 27.3 percentage points in the second quarter from the previous quarter to 49.6 percent.

The indexes measuring domestic and overseas orders were both on the rise, increasing 33.5 percentage points and 13 percentage points, respectively, from the previous quarter.

-- China-Europe freight trains to and from Xi'an, capital of northwest China's Shaanxi Province, made more than 1,600 trips in the first half of this year, almost double the figure for the same period last year, local authorities said Thursday.

Together they carried more than 1.3 million tonnes of goods from January to the end of June, 1.9 times the volume of the first half of last year, according to the Xi'an International Trade & Logistics Park.

-- The 26th China Lanzhou Investment and Trade Fair kicked off online on Thursday in Lanzhou, capital of northwest China's Gansu Province, with 587 projects worth 273 billion yuan (about 38.6 billion U.S. dollars) signed at the opening ceremony.

A total of 25 online exhibition halls have been set up for exhibitions, promotions, and business docking, including online national pavilions of Hungary and Georgia, the two guests of honor at this year's fair.

A high-level forum on the Silk Road cooperation and development will also be concurrently held during the four-day event, with the theme of deepening economic and trade cooperation, and promoting green development. Enditem

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Keyword: China economy economic resumption

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