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China's progress in economic resumption on Aug 7

Updated: Aug 07,2020 09:14 PM    Xinhua

BEIJING — 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 saw its foreign trade rise 6.5 percent year-on-year in July, with exports and imports up 10.4 percent and 1.6 percent, respectively, official data showed on Aug 7.

Foreign trade stood at 2.93 trillion yuan (about $422.14 billion) last month, resulting in a trade surplus of 442.23 billion yuan, the General Administration of Customs said.

In the first seven months of this year, foreign trade of goods went down 1.7 percent year-on-year to 17.16 trillion yuan, narrowing by 1.5 percentage points compared with the decrease in the first half.

— China has seen a steady recovery in newly added jobs in recent months amid containment of the COVID-19 epidemic.

While employment was affected by the epidemic during the first several months of the year, it has stabilized amid government efforts to add jobs, Minister of Human Resources and Social Security Zhang Jinan said in an interview with Xinhua.

The country has recently created around a million urban jobs on a monthly basis, as compared with only 390,000 newly added jobs in February, when the country was hit hard by the epidemic, Zhang noted.

In the first half of this year, China added a total of 5.64 million urban jobs, accounting for 63 percent of the annual target.

The surveyed unemployment rate in urban areas had been trending down from a peak of 6.2 percent in February to 5.7 percent in June, he noted.

— China will promote the construction of new infrastructure projects in the transport industry, aiming to advance the sector's transformation toward digitalization and intelligence, according to a guideline issued by the Ministry of Transport on Aug 6.

By 2035, China aims to achieve remarkable results in the field, with advanced information technology playing a key role in empowering transport infrastructure, the document said.

— Major Chinese automaker SAIC Motor Corporation Limited on Aug 6 reported growth in production and sales in July.

The Shanghai-based company manufactured 474,581 cars last month, up 23 percent year-on-year. Its sales in July climbed 4 percent year-on-year to 457,558 units.

In the January-July period, SAIC Motor manufactured 2.47 million cars, down 23.92 percent year-on-year. Its sales during the same period went down 25.77 percent year-on-year to 2.51 million units.