MIIT: China Q2 industry economy to continue recovering
May 22, 2020 09:30
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China’s industrial economy will continue to recover this quarter, as more industries resume operations and thanks to various measures the central government has taken to expand domestic demand, according to Miao Wei, China’s Minister of Industry and Information Technology (MIIT).
The domestic industrial economy in the second half of this year will outperform H1, “if the global (COVID-19) pandemic can gradually be contained and the (global) economy can gradually recover,” Miao told media at a press conference on Wednesday.
As of May 18, the average operation rate among China’s sizable industrial