Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Economy

Factbox: China's progress in economic resumption

October 21, 2020


Abstract : China's success in controlling COVID-19 means the economy is in a steady revival mode. The following facts and figures indicate how the country is forging ahead in resuming work and production:

BEIJING, Oct. 20 (Xinhua) -- China's success in controlling COVID-19 means the economy is in a steady revival mode. The following facts and figures indicate how the country is forging ahead in resuming work and production:

-- China's housing market remained generally stable in September, with slight month-on-month growth in home prices in major cities, official data showed on Tuesday.

New home prices in four first-tier cities -- Beijing, Shanghai, Guangzhou and Shenzhen -- rose by 0.4 percent month-on-month in September, down 0.2 percentage points from a month earlier, according to data from the National Bureau of Statistics.

On a monthly basis, new home prices edged up 0.3 percent in 31 second-tier cities, and rose 0.5 percent in 35 third-tier cities.

-- China's centrally administered state-owned enterprises (SOEs) saw both profit and revenue growth in the third quarter (Q3), the country's state-asset regulator said Tuesday.

Revenues of central SOEs rose 1.5 percent year on year to 7.8 trillion yuan (about 1.17 trillion U.S. dollars) in Q3, the State-owned Assets Supervision and Administration Commission (SASAC) said at a press conference.

Their net profits in Q3 totaled 474.8 billion yuan, up 34.5 percent from a year ago, SASAC data showed.

In September alone, central SOEs saw their revenues hit 2.8 trillion yuan, a 4.3-percent expansion from a year ago and the highest monthly growth this year, according to the SASAC.

-- Southwest China's Sichuan Province reported a 22.7-percent increase in the foreign trade of goods in the first nine months of 2020, according to customs data released on Monday.

The province's foreign goods trade during the period totaled 591.67 billion yuan, according to the customs of Chengdu, the provincial capital.

Sichuan's export volume during January-September reached 337.46 billion yuan, up by 23.1 percent year on year, while imports saw a 22.2-percent increase to 254.21 billion yuan.

Foreign trade of electronics and IT products reached 429.61 billion yuan during the nine months, accounting for 72.6 percent of Sichuan's total.  Enditem


Scan the QR code and push it to your mobile phone

Keyword: economic resumption

Reading:

China enhances policy support to boost innovative foreign trade dev.

Civil aviation sector primed for further expansion

Interview: BRI boosts Chinese investments in Egypt, says expert

Interview: Shenzhen's success proves China's policy pragmatic, inclusive: scholar

China invests massively in energy projects in poor areas

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial