Data points to stronger recovery

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.