CHINA China's progress on economic resumption

CHINA

China's progress on economic resumption

Xinhua

20:14, June 15, 2020

BEIJING, June 15 (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:

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File photo by CFP

-- China's value-added industrial output, an important economic indicator, further expanded in May as factory activities continued to pick up pace amid COVID-19 control, data from the National Bureau of Statistics (NBS) showed Monday.

The value-added industrial output went up 4.4 percent year on year in May, extending the rebound and up 0.5 percentage points from the growth rate in April, NBS data showed.

As of May 27, about 67.4 percent of the surveyed enterprises were back to 80 percent of their normal production levels, up 6.6 percentage points from later April, the NBS said.

In May, output by the manufacturing industry registered the fastest growth by expanding 5.2 percent year on year.

-- China's job market remained generally stable in May, with the surveyed unemployment rate in urban areas standing at 5.9 percent, official data showed Monday.

The figure went down 0.1 percentage points from the previous month, according to the NBS.

A total of 4.6 million new urban jobs were created in the first five months of 2020, down 1.37 million compared with the same period of last year.

The surveyed unemployment rate among those aged between 25 and 59, the majority of the labor market, stood at 5.4 percent in May, down 0.1 percentage points from April.

-- China's cargo transport industry reported growth last month as business activities further resumed, industry data showed.

The China Transportation Services Index stood at 144.6 points last month, down 16.5 percent year on year, according to the China Academy of Transportation Sciences.

The decrease was 5.4 percentage points lower than that recorded in April.

-- China's mobile game sector continued to grow in May, according to an industry report.

The sales revenue of China's online game market reached 17.68 billion yuan (about 2.49 billion U.S. dollars) last month, up 11.9 percent from April, data from research institute CNG showed.

CNG cited the longer May Day holiday this year, as well as reduced outings and more playing time at home for players as among the factors that drove the growth. 

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