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China Daily / 2020-09 / 16 / Page001

Data points to stronger recovery

By Li Xiang | China Daily | Updated: 2020-09-16 00:00

Continued rebound prompts economists to raise forecast on China's GDP growth

China's economy continued its strong recovery in August from the damage caused by the COVID-19 pandemic as key economic data pointed to a stabilizing growth trend and a steady rebound of domestic demand, the National Bureau of Statistics said on Tuesday.

The stronger-than-expected recovery has prompted some economists to raise their forecast on China's growth for the rest of the year, and experts said that the country's robust recovery will be a crucial stabilizer for the global economy.

Industrial output in China expanded by 5.6 percent year-on-year in August, exceeding the growth rate in the previous month by 0.8 percentage point. Retail sales returned to growth for the first time this year, rising 0.5 percent year-on-year in August, according to the NBS.

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