June 15, 2022

China's economy staged an impressive turnaround in May, as a set of better-than-expected official data released on Wednesday pointed to improvements in several crucial economic indicators, including industrial output, fixed-asset investment and retail sales, further highlighting the resilience of the Chinese economy against challenges posed by the COVID-19 even as Western economies are facing mounting downward pressure. 

The improved economic activity in May is expected to pick up further in June, underpinned by the implementation of broad-based pro-growth measures, according to the country's top statistical bureau, whose data show that the economy is heading toward reasonable growth in the second quarter. 

In a fresh sign of policy support, a State Council executive meeting on Wednesday stressed endorsing private investment and expanding effective investment to spur consumption and employment.

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https://www.globaltimes.cn/page/202206/1268193.shtml