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  • Beijing Review

    ECONOMY

    Sep 24, 2020 4 minutes

    Steady Rebound

    The recovery of the Chinese economy continued to gather steam with major economic indicators improving in August, according to data from the National Bureau of Statistics (NBS) on September 15.

    Retail sales of consumer goods returned to growth for the first time this year, rising 0.5 percent year on year in the month. The measurement of consumption fell 1.1 percent in July.

    Industrial output increased 5.6 percent year on year, accelerating from the 4.8-percent rise in July. In the first eight months, industrial output expanded 0.4 percent from one year earlier, compared with a decline of 0.4 percent in the January-July period.

    Fixed assets investment edged down 0.3 percent year on year in the first eight months,

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