September 14, 2024

China's economy continued its steady upward trend in August, with the output of industrial enterprises above the designated size up by 4.5 percent year-on-year, and retail sales rising by 2.1 percent year-on-year, according to data released by the National Bureau of Statistics (NBS) on Saturday.

Liu Aihua, spokesperson and chief economist of the NBS, told a press conference on Saturday that a range of economic indicators showed a steady expansion trajectory despite the impact of internal natural disasters and external uncertainties. She also highlighted the government's policy support and high-quality development strategy that provide foundation for growth.

In August alone, the value-added industrial output saw a 4.5 percent year-on-year growth, 0.32 percent up from the previous month level. For the first eight months, value-added industrial output rose by 5.8 percent year-on-year.

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