August data augurs well for economic recovery

China's key economic indicators improved in August in a new sign of notable recovery after the government rolled out stimulus policies to support growth amid downward pressure.

Growth in China's value-added industrial output and retail sales accelerated to 4.2 percent and 5.4 percent, respectively, in August from a year earlier, said the National Bureau of Statistics, after rises of 3.8 percent and 2.7 percent in July.

Experts said the figures showcase the strong resiliency of the economy and China's economic recovery will continue to gather pace in the following months, with COVID-19's impact gradually easing and policy measures taking effect.