BUSINESS

China's economic recovery

Asia focus, Suwatchai Songwanich, Published on 12/10/2020

» China's economic recovery continues to accelerate, with retail sales growing in August for the first time this year. Investment and property activity also gathered speed and there was a sharp spike in manufacturing production with the steepest rate of growth in new orders since the start of 2011. The Purchasing Managers Index, which includes services, also rose, while unemployment in urban areas dropped, with the 5.6% jobless rate the lowest since January.