Resumption of work and production

China's progress in economic resumption on Oct 10

Updated: Oct 12, 2020 Xinhua Print
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China's success in containing 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:

— China's consumer market saw a strong recovering momentum during the eight-day holiday that ended on Oct 8, official data showed.

From Oct 1 to 8, average daily sales of the wholesale and retail sector rose 14.1 percent compared with the National Day holiday last year, with sports goods and equipment registering a year-on-year growth of 114.6 percent, the State Taxation Administration said, citing value-added invoice data.

Consumption of services also saw a quick rebound during the holiday. Average daily sales of the catering and accommodation sector climbed 12.7 percent, while that of tourism services recovered to 69.8 percent of the level seen in the same period last year, the administration said.

— China's courier sector saw fast expansion in September, with business volume growth estimated at a four-year high, official data showed.

The China express delivery development index stood at 330.2 last month, up 48.5 percent year-on-year, the State Post Bureau said in a report.

It estimated the sector's business volume at 7.6 billion parcels in September, up 35.7 percent year-on-year, the highest same-period growth in four years.

— China's futures market in September continued to report double-digit growth in both trading volume and turnover, industry data showed.

The futures trading volume last month stood at 624.35 million lots, with a turnover of 45.95 trillion yuan (about $6.78 trillion). The figures rose 78.66 percent and 70.41 percent, respectively, from the same period last year, according to the China Futures Association.

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