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China's Progress on Economic Resumption

https://en.steelhome.com [SteelHome] 2020-07-14 16:42:32

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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 the resumption of work and production:

-- Sales of passenger cars in China rose in June as the market continued to recover, the latest industry data shows.

The retail sales of passenger vehicles exceeded 1.65 million units last month, up 2.9 percent from the previous month, according to the China Passenger Car Association.

It was the fourth consecutive month that the market saw month-on-month sales increase, the association said in its latest monthly report.

-- China's rail freight transport volume, an indicator of broad economic activity, rose 3.6 percent year on year in the first half of the year, a sign of recovery from the COVID-19 shock, official data showed Saturday.

The country's state-operated railways carried 1.69 billion tonnes of cargo in the first six months, the China State Railway Group Co., Ltd. said.

-- China's island province of Hainan has recorded spending on offshore duty-free shopping by visitors of 450 million yuan from July 1 to 7, according to the General Administration of Customs.

During the period, the average daily tax exemption was 9.39 million yuan, up 58.2 percent from the average daily amount in the first half of the year, the administration said.

Source: Xinhua
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