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China's GDP expands 3.2 pct in Q2

2020-07-16 Source:Xinhuanet Author:huaxia

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Cast-steel pipes to be shipped are seen at a port in Lianyungang, east China's Jiangsu Province, July 16, 2020. China's economy bounced back to growth in the second quarter this year as the country gradually resumed work and production after having the COVID-19 epidemic effectively contained, official data showed Thursday. The country's gross domestic product (GDP) expanded 3.2 percent year on year in the second quarter, according to data from the National Bureau of Statistics (NBS). (Photo by Wang Chun/Xinhua)

BEIJING, July 16 (Xinhua) -- China's economy bounced back to growth in the second quarter this year as the country gradually resumed work and production after having the COVID-19 epidemic effectively contained, official data showed Thursday.

The country's gross domestic product (GDP) expanded 3.2 percent year on year in the second quarter, according to data from the National Bureau of Statistics (NBS).

In the first half of this year, the country's GDP stood at 45.66 trillion yuan (about 6.53 trillion U.S. dollars) amid COVID-19 impact, down 1.6 percent year on year, said the NBS.

A breakdown of the data showed the output of the primary industry rose 0.9 percent year on year, while the service sector and the secondary industry saw a decline of 1.6 percent and 1.9 percent, respectively.

The Chinese economy overcame the adverse impact of the epidemic in the first half gradually and demonstrated a momentum of gradual recovery, further manifesting its development resilience and vitality, the NBS said.

China's value-added industrial output, an important economic indicator, went up 4.4 percent year on year in Q2 as factories stepped up production amid COVID-19 control.

Investment in property development edged up 1.9 percent year on year in H1, compared with the 7.7-percent decline during the January-March period.

China's service production index increased 2.3 percent year on year in June as economic activities continued to recover.

Retail sales, a gauge of consumption, declined 3.9 percent year on year in Q2. Fixed-asset investment went down 3.1 percent year on year in H1, narrowing from the 6.3-percent decline in the first five months.

Thursday's data also showed China's job market improved slightly in June, with the surveyed unemployment rate in urban areas standing at 5.7 percent, down 0.2 percentage points from the previous month.

NBS spokesperson Liu Aihua said it has been not easy for China to contain the epidemic in a short time and reverse an economic downturn.

Given the continuous global spread of the virus, the evolving impact of the pandemic on the global economy and the noticeably mounting external risks and challenges, China's economic recovery is still under pressure, Liu told a news conference.

Liu said she expects China's economy to continue recovering in the second half of the year powered by the steady economic recovery in H1, rapidly growing new industries and business models, as well as the strong support from macro policies. Enditem

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A worker is seen at a fiber factory in Zunhua City, north China's Hebei Province, July 16, 2020. China's economy bounced back to growth in the second quarter this year as the country gradually resumed work and production after having the COVID-19 epidemic effectively contained, official data showed Thursday. The country's gross domestic product (GDP) expanded 3.2 percent year on year in the second quarter, according to data from the National Bureau of Statistics (NBS). (Photo by Liu Mancang/Xinhua)

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Workers check a production line at Lianyungang Economic and Technological Development Area in Lianyungang, east China's Jiangsu Province, July 16, 2020. China's economy bounced back to growth in the second quarter this year as the country gradually resumed work and production after having the COVID-19 epidemic effectively contained, official data showed Thursday. The country's gross domestic product (GDP) expanded 3.2 percent year on year in the second quarter, according to data from the National Bureau of Statistics (NBS). (Photo by Geng Yuhe/Xinhua)

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Cars made in China wait for shipment at a port in Lianyungang, east China's Jiangsu Province, July 16, 2020. China's economy bounced back to growth in the second quarter this year as the country gradually resumed work and production after having the COVID-19 epidemic effectively contained, official data showed Thursday. The country's gross domestic product (GDP) expanded 3.2 percent year on year in the second quarter, according to data from the National Bureau of Statistics (NBS). (Photo by Wang Chun/Xinhua)

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A worker monitors the transfer of steel plates at Handan international land port in north China's Hebei Province, July 16, 2020. China's economy bounced back to growth in the second quarter this year as the country gradually resumed work and production after having the COVID-19 epidemic effectively contained, official data showed Thursday. The country's gross domestic product (GDP) expanded 3.2 percent year on year in the second quarter, according to data from the National Bureau of Statistics (NBS). (Photo by Li Hao/Xinhua)

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Workers assemble cars at a factory in Changchun, capital of northeast China's Jilin Province, June 19, 2020. China's economy bounced back to growth in the second quarter this year as the country gradually resumed work and production after having the COVID-19 epidemic effectively contained, official data showed Thursday. The country's gross domestic product (GDP) expanded 3.2 percent year on year in the second quarter, according to data from the National Bureau of Statistics (NBS). (Xinhua/Zhang Nan)

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(200716) -- TANGSHAN, July 16, 2020 (Xinhua) -- Photo taken on July 16, 2020 shows a container dock in Tangshan City, north China's Hebei Province. China's economy bounced back to growth in the second quarter this year as the country gradually resumed work and production after having the COVID-19 epidemic effectively contained, official data showed Thursday. The country's gross domestic product (GDP) expanded 3.2 percent year on year in the second quarter, according to data from the National Bureau of Statistics (NBS). (Xinhua/Yang Shiyao)

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(200716) -- TANGSHAN, July 16, 2020 (Xinhua) -- Aerial photo taken on July 16, 2020 shows cars parked at a car logistics base in Tangshan seaport economic development zone in Tangshan City, north China's Hebei Province. China's economy bounced back to growth in the second quarter this year as the country gradually resumed work and production after having the COVID-19 epidemic effectively contained, official data showed Thursday. The country's gross domestic product (GDP) expanded 3.2 percent year on year in the second quarter, according to data from the National Bureau of Statistics (NBS). (Xinhua/Yang Shiyao)

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(200716) -- TANGSHAN, July 16, 2020 (Xinhua) -- Aerial photo taken on July 16, 2020 shows a ship loading cargo at a container dock in Tangshan City, north China's Hebei Province. China's economy bounced back to growth in the second quarter this year as the country gradually resumed work and production after having the COVID-19 epidemic effectively contained, official data showed Thursday. The country's gross domestic product (GDP) expanded 3.2 percent year on year in the second quarter, according to data from the National Bureau of Statistics (NBS). (Xinhua/Yang Shiyao)

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(200716) -- SHIJIAZHUANG, July 16, 2020 (Xinhua) -- Workers make clothes at a factory in Qian'an City, north China's Hebei Province, July 13, 2020. China's economy bounced back to growth in the second quarter this year as the country gradually resumed work and production after having the COVID-19 epidemic effectively contained, official data showed Thursday. The country's gross domestic product (GDP) expanded 3.2 percent year on year in the second quarter, according to data from the National Bureau of Statistics (NBS). (Xinhua/Mu Yu)

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A worker assembles a truck at a factory in Changchun, capital of northeast China's Jilin Province, June 19, 2020. China's economy bounced back to growth in the second quarter this year as the country gradually resumed work and production after having the COVID-19 epidemic effectively contained, official data showed Thursday. The country's gross domestic product (GDP) expanded 3.2 percent year on year in the second quarter, according to data from the National Bureau of Statistics (NBS). (Xinhua/Zhang Nan)


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