NBS: China’s industrial growth recovered further in May
Jun 15, 2020 16:00
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Chinese industry continued to recover in May, recording year-on-year growth of 4.4%, according to the latest release of China’s National Bureau of Statistics published on June 15. The May result was faster than the 3.9% for April – the first month of positive growth after several negative months when the COVID-19 outbreak was raging, Mysteel Global notes.
As of May 27, 67.4% of Chinese sizable industrial enterprises had resumed to over 80% of their normal operations, while in late April, only 60.8% of them had recovered work to that level, the NBS’s statistics showed.
China’s sizeable industries are those whose minimum annual business revenue is Yuan 20 million