Resumption of work and production

China's progress in economic resumption on Sept 9

Updated: Sep 10, 2020 Xinhua Print
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China's success in controlling COVID-19 means the economy is in a steady revival mode. The following facts and figures indicate how the country is forging ahead in resuming work and production:

— The 2020 China International Fair for Investment & Trade and the Belt and Road Investment Congress opened on Sept 8 in Xiamen, East China's Fujian province, offering opportunities to promote investment and economic cooperation worldwide.

The fair, which has attracted merchants and delegates from 42 countries and regions including Germany, Britain and Japan, is one of the first major international economic and trade events held by China since the COVID-19 outbreak.

— The number of China-Europe freight trains hit a record high of 1,247 in August, up 62 percent year-on-year, data from the China State Railway Group showed on Sept 9.

This marks the sixth consecutive month that the number registered double-digit growth.

The freight trains have played a crucial role in helping stabilize the international logistics supply chain, transporting 113,000 twenty-foot equivalent units of cargo last month, up 66 percent from a year earlier, according to the company.

— China's local government bond issuance hit 1.2 trillion yuan (about $175.4 billion) in August, data from the Ministry of Finance showed on Sept 9.

The figure took the total local government bond issuance for the year to 4.96 trillion yuan by the end of August as authorities quickened bond sales as part of proactive fiscal policies to shore up the virus-hit economy.

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