Chinese Economy Continues to Grow Despite Covid-19 Measures

Chinese Economy Sustains Its Growth Despite Covid Measures
Chinese Economy Continues to Grow Despite Covid-19 Measures

At the press conference held this morning by the Press Office of the State Council of China, it was announced that the epidemic prevention and control situation in the country improved in general, production demand recovered gradually, employment situation and goods prices stabilized, and the national economy showed a recovery momentum.

According to the data released today by the National Bureau of Statistics, total retail sales of consumer goods decreased by 6,7 percent in May compared to the same period of the previous year, while investment in national fixed assets increased by 0,72 percent compared to the previous month, total goods imports and exports increased by 9,6 percent on an annual basis. 0,7, and the added value of industrial establishments above the specified size increased by XNUMX percent annually.

In January-May, fixed investment in the nation rose 6,2 percent year on year, while total retail sales of social consumer goods fell 1,5 percent year on year. Total imports and exports of goods increased by 8,3 percent on an annual basis, and the added value of industrial enterprises above the specified size increased by 3,3 percent compared to the same period of the previous year. 5,29 million new jobs were created in cities and towns across the country.

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