China's progress in economic resumption on Aug 10

China's success in controlling the COVID-19 epidemic means the economy is steadily reviving. The following facts and figures indicate how the country is forging ahead in resuming work and production:

— China's consumer inflation accelerated for the second straight month in July on the back of higher food prices. Consumer price index, the main gauge of inflation, grew 2.7 percent year-on-year last month, expanding from a 2.5 percent gain in June and a 2.4 percent rise in May, according to data from the National Bureau of Statistics.

Producer price index, which measures costs for goods at the factory gate, fell 2.4 percent year-on-year in July.

— China will resolutely push forward the opening-up of the country's financial industry regardless of how the international situation changes, the country's central bank governor has said.

China will continue implementing the phase-one economic and trade agreement with the United States, while measures announced to open up China's financial sector will continue, Yi Gang, governor of the People's Bank of China, told Xinhua in an interview.

— China's tax and fee cuts totaled over 1.5 trillion yuan (about $215.4 billion) in the first half of the year.

Of the total, the preferential tax and fee measures unveiled in 2020 to support economic development and COVID-19 containment saved 894.1 billion yuan, according to the State Taxation Administration.

The remaining 610.4 billion yuan of taxes and fees were reduced as a result of the implementation of large-scale tax and fee cut policies rolled out last year.

— The number of China-Europe freight trains rose significantly in July, with a record 1,232 trains being put into operation, up 68 percent year-on-year, according to the China State Railway Group.

It marks the third month in a row that the figure surpassed 1,000 and the fifth consecutive month that it enjoyed double-digit growth, the company said.

The freight trains have played a crucial role in helping stabilize the international logistics supply chain, with cargo sent by the trains soaring 73 percent year-on-year to 113,000 twenty-foot equivalent units last month.