Economy still on stable recovery track

The Chinese economy continued to expand steadily in August according to data from the National Bureau of Statistics released on Tuesday.

The data show that despite having met with some serious difficulties arising from the effects of the pandemic and the trade protectionism initiated by some major economies, the world's second-largest economy and the largest contributor to global growth is on the right track of stable growth.

China continued to show its economic resilience in August on the back of already improving growth-related indicators in the preceding four months, with retail sales growth turning positive in August for the first time this year and the unemployment rate edging down.