The Chinese economy continued sound recovery momentum in May, driven by its development resilience, with major indicators sending encouraging signs across the board.
China's three-day Dragon Boat Festival holiday saw booming travel and spending activity as businesses and authorities rushed to fire up the market with innovative stimulus, spurring hope for a more solid and balanced economic recovery.
South China's Guangdong Province, the country's manufacturing heartland, has been battling the resurgence of COVID-19 since late May.more
China continued to see a generally stable housing market in May amid a rapid rise in global property prices, with home prices in 70 major cities showing slight month-on-month increases.more
China's value-added industrial output, an important economic indicator, went up 8.8 percent year on year in May as production demand continued to recover.
China's electricity consumption, a key barometer of economic activity, expanded 12.5 percent year on year in May as the country's economy continued to recover steadily.
China's retail sales of consumer goods went up 12.4 percent year on year in May this year, data from the National Bureau of Statistics showed Wednesday.