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NBS: Manufacturing sector leads July industrial growth

China’s industrial growth continued to recover in July, rising by 4.8% on year, with operations and production in different industries further resumed, according to the latest release of China’s National Bureau of Statistics (NBS) on August 14. Happily for China’s steel industry, the manufacturing sector led the industrial growth.
As of July 27, around 69.3% of sizable Chinese industrial enterprises had returned to over 80% of their normal production, while in June only 68.4% had reached that level, according to NBS, showing that the measures to control the COVID-19 spread and efforts to reboot the economy had been taking


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