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China's progress on economic resumption on June 3

Updated: Jun 03,2020 21:24 PM    Xinhua

BEIJING — As it continues efforts to contain COVID-19, China is steadily reviving its economy. The following facts and figures indicate how the country is forging ahead in the economic sphere:

— The Potala Palace in Southwest China's Tibet autonomous region has reopened to the public on June 3, as the COVID-19 epidemic has waned in the country.

Visitors to the Potala Palace in Lhasa, capital of Tibet, must first make online reservations while their number will be strictly controlled, according to an announcement issued by the administration of the palace.

— Sales of heavy trucks in China rebounded in May as pent-up demand unleashed and the phase-out of emission-heavy vehicles spurred purchases, industry data showed.

Around 175,000 heavy trucks were sold last month, surging 62 percent year-on-year, according to predictions by auto industry information service provider cvworld.cn.

— China has been speeding up the resumption of major railway construction with a total of 115 under-construction projects nationwide having fully resumed work, the China State Railway Group Co Ltd. said.

In April, fixed-asset investment (FAI) in national railway projects came in at 67.8 billion yuan (about $9.54 billion), surging 10.9 percent from the same period last year and having nearly doubled from March.

FAI is estimated to reach 229.8 billion yuan in the second quarter of 2020, up 4.1 percent year-on-year.

— China will further reduce logistics costs to improve the efficiency of logistics, accelerating the recovery of production and the return to normal life following the COVID-19 epidemic, according to a guideline from the National Development and Reform Commission and the Ministry of Transport.

The guideline stresses the promotion of electronic certificates in the transportation sector, facilitation of customs clearance and market-oriented reforms in the railway sector.

More should be done to secure land for major logistics facilities and expand financing channels, said the document.

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