China boosts investment in key fields to buoy recovery
China has pledged more measures to scale up investments in key fields including the new type of urbanization and major projects as it logged a better-than-expected economic recovery.
Macro
China pins hope on new development pattern to crank up economy
At a time when the global economic recovery was complicated by the unabated COVID-19 pandemic and anti-globalization sentiment, China brought to the table a new development pattern.
Financials
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China's industrial profits rebound, pressure persists
Profits of China's major industrial firms rebounded in the Q2 as business activities continued to pick up, but the recovery still faces uncertainties due to the global spread of COVID-19.
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China's PMI expansion streak speaks of stronger recovery
The purchasing managers' index (PMI) for China's manufacturing sector rose to 51.1 in July from 50.9 in June, the National Bureau of Statistics (NBS) said Friday.
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Industries
China's online retail sales hit 5.15 trillion yuan in H1
China's online retail sales reached 5.15 trillion yuan (about 736.7 billion U.S. dollars) in the first half of 2020, up 7.3 percent year on year, according to the Ministry of Commerce.
China's building materials sector reports output growth in June
China's building materials sector saw generally stable production as the value-added output in June went up 4.8 percent year on year, official data showed.
China's major internet firms log higher revenue in H1
China's internet and related sectors have returned to double-digit growth in business revenue and research development in the first half of this year amid the COVID-19 epidemic.
