China's economic bounce good news for global recovery
China has become the first major economy to grow since the start of COVID-19. The bounce-back smashes predictions by naysayers of China's economy and provides hope to other countries looking to recover from a crisis that has caused a global recession.
Macro
China's foreign trade growth boosts hope for world economy
The latest customs data shows that China's foreign trade has gained steady recovery from the COVID-19 pandemic as the imports and exports both rose remarkably year on year in June.
Financials
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China's FDI down 1.3 percent in H1
FDI into Chinese mainland, in actual use, fell by 1.3 percent year on year to 472.18 billion yuan in first half of year.
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China's fixed-asset investment down 3.1 pct in H1
China's fixed-asset investment went down 3.1 percent year on year in first half of 2020, narrowing from the 6.3-percent decline in first five months.
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Industries
China's energy output maintains stable growth in H1
China's energy output maintained stable growth in the first half of the year, data from the National Energy Administration showed.
China's industrial capacity utilization rate rose in Q2
China's industrial capacity utilization rate stood at 74.4 percent in the second quarter of 2020, rising 7.1 percentage points from the first quarter as the country has been resuming work and production.
China's property investment up 1.9 pct in H1
China's investment in property development edged up 1.9 percent year on year in first half of 2020, compared with the 7.7-percent decline during the January-March period.
