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China's progress in economic resumption

Source: Xinhua Updated: 2020-10-10

BEIJING -- China's success in containing COVID-19 means the economy is in a steady revival mode. The following facts and figures indicate how the country is forging ahead in resuming work and production:

-- China's service outsourcing industry reported stable growth in the first eight months of 2020, according to the Ministry of Commerce.

Chinese firms inked service outsourcing contracts worth about 850.39 billion yuan (about 125.43 billion U.S. dollars) in the Jan.-Aug. period, up 8.2 percent year on year.

The executed contract value stood at 586.71 billion yuan in the first eight months, representing a year-on-year increase of 12.5 percent.

-- Logistics demand in China continued to improve as economic activities normalized amid effective COVID-19 control, official data showed.

The total value of social logistics in the Jan.-Aug. period rose 1.2 percent year on year to 174.6 trillion yuan, according to the China Federation of Logistics and Purchasing.

The growth accelerated from a 0.5-percent gain seen in the first seven months.

-- Some 126.87 million passenger trips were made in China during the 11-day National Day travel rush, official data showed Friday.

From Sept. 28 to Oct. 8, the average number of daily railway passenger trips was 11.53 million, about 84 percent of the level recorded during the same period last year, according to the China State Railway Group Co., Ltd.

China celebrates its National Day on Oct. 1, which this year coincided with the traditional Mid-Autumn Festival. The National Day holiday was from Oct. 1 to 8 this year.