China's progress on economic resumption on June 14

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:

— China's excavator producers reported robust sales in May, reflecting a quick demand recovery, according to the China Construction Machinery Association.

The country's 25 leading excavator makers sold a total of 31,744 excavators last month, up 68 percent year-on-year, data showed.

The surging excavator sales, backed by strong demand, foreshadow a construction boom in the country. The government has been speeding up the construction of planned key infrastructure projects and has launched new projects for public health, emergency materials supply, 5G networks and data centers.

— China's postal industry registered stellar growth in revenue and business volume last month as reopening of businesses gathered more steam amid further containment of COVID-19, latest official data showed.

In May, the business revenue of the sector totaled 95.11 billion yuan (about $13.4 billion), up 21.9 percent year-on-year, according to the State Post Bureau.

— The 102nd China Food and Drinks Fair will be held online from July 28 to 30 after a postponement due to COVID-19, according to the event's organizing committee.

The committee said in an online statement that it decided to make the event virtual amid the country's efforts to consolidate COVID-19 prevention and control, expecting the fair to further promote work and production resumption in the food and drinks industry.

— China has introduced a series of measures to reform ChiNext and pilot the registration-based initial public offerings (IPOs) system in the country's Nasdaq-style board of growth enterprises, according to the country's top securities regulator.

The country decided in late April this year to pilot the registration-based IPO system at ChiNext to replace its approval-based one to better cultivate new industry start-ups and bolster the real economy.