Profits at China s industrial firms of above designated size improved significantly in May from April despite a year-on-year drop, official data showed on Monday, adding to growing signs of steady recovery in the world s second-largest economy, as recent COVID-19 outbreaks ease and the supply chaos and disrupted factory activities have been largely addressed.
A senior Chinese official said that China should issue a sufficient number of national unified travel passes and not restrict transportation under the excuse of waiting for nucleic test results, as officials beefed up efforts to minimize the negative impact of coronavirus controls on the economy.
China's economic growth will recover to over 5 percent in 2022 despite headwinds, as the government has pledged front-loaded policy support to shore up growth, experts said on Wednesday.
China's economic growth will recover to over 5 percent in 2022 despite headwinds, as the government has pledged front-loaded policy support to shore up growth, experts said on Wednesday.