News Article

Multiple indicators have pointed to improved performance of the Chinese economy in the first half, signaling sustained recovery momentum as the country navigates hurdles and headwinds with a targeted policy mix.

China's consumer price index, a main gauge of inflation, rose by 0.2 percent year-on-year in June, data from the National Bureau of Statistics showed on July 10.

The recovery phase indicates that severely impacted areas are gradually recovering, while areas less affected by the COVID-19 pandemic are recovering more slowly, leading to a significant divergence across economic sectors.

A recent human development report indicated that China has been the only country jumping from low development group to a high one since 1990, which was attributed to the country's people-centered development philosophy, the Foreign Ministry said recently.

China's economy gained more steam in the first two months of 2024 with improvement in key indicators, including production and investment, the National Bureau of Statistics said on 18th of March.