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NBS: China’s domestic economy on steady recovery in July

ABSTRACT

In July, China’s domestic economic performance met the expectation, with employment and goods prices in general stable, all the major economic indicators within their reasonable ranges, and the national economy, thus, having continued with the trend of steady recovery, the country’s National Bureau of Statistics (NBS) summarized when releasing the latest data on August 16.
In July, China’s sizeable industrial enterprises saw their added value grew 6.4% on year, which was 1.9 percentage points lower than that for June but higher than July for both 2020 and 2019, and among the industrial goods, new energy vehicle producers posted the highest on-year growth at 162.7% for

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