China's industrial output, retail sales in July show continued recovery
2022-08-16 10:18:08 source：CGTN
August 15, 2022
China's latest key data for July released on Monday reflected continued economic recovery – albeit at a moderating pace – with the growth being attributed to government policies to stabilize the economy, as well as a resumption of production and supply following recent COVID-19 outbreaks.
Industrial output, a key economic indicator, went up 3.8 percent year on year in July, data from the National Bureau of Statistics (NBS) showed on Monday.
Of these, the added-value of equipment manufacturing increased by 8.4 percent on a yearly basis, and high-tech manufacturing industries rose 5.9 percent, according to the NBS.
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