China's progress on economic resumption on June 29

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 central bank on June 28 vowed stronger macro-economic policy adjustment as well as better fiscal, monetary and employment policy coordination and implementation to counter the impact of COVID-19 on economic growth.

The country will pursue a prudent monetary policy in a more flexible and appropriate way, and put boosting the real economy and sustainable development at a more prominent position, the People's Bank of China said in a statement released after a quarterly meeting of its monetary policy committee.

— China's top economic planner has decided to extend the policy of cutting electricity prices by 5 percent until year-end to help businesses overcome difficulties caused by the novel coronavirus outbreak.

The policy, first adopted for the Feb 1-June 30 period to mitigate the impact of the epidemic, will be extended to Dec 31 and applies to enterprise users except those in high energy consuming sectors, according to the National Development and Reform Commission (NDRC).

The decision is aimed at reducing business costs and stabilizing the job market, the NDRC noted.

— The three-day Dragon Boat Festival holiday ending on June 27 had seen China's tourist activities rebound and online consumption retain steam in fresh signs of post-epidemic recovery, reported Economic Information Daily on June 29.

The tourism sector that was once severely affected by the COVID-19 has warmed. Ticket purchases for tourist sites and hotel bookings increased more than fourfold and twofold, respectively, from the three-day Tomb-sweeping Day holiday in April this year, the newspaper reported, citing data from Mafengwo.com, a popular online travel website.