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China's progress in economic resumption on July 28
Updated: July 28, 2020 19:24 Xinhua

BEIJING — China's success in controlling the COVID-19 epidemic means the economy is steadily reviving. The following facts and figures indicate how the country is forging ahead in resuming work and production:

— Profits of China's major industrial firms in June totaled 666.55 billion yuan (about $95.18 billion), increasing by 11.5 percent year-on-year, data from the National Bureau of Statistics (NBS) showed on July 27.

The growth widened 5.5 percentage points from that in May, said NBS senior statistician Zhu Hong.

The quickened growth in industrial production and sales and the moderate drop in the factory-gate prices of industrial products led to the expansion of profits in June, according to Zhu.

In the first half of the year, the profits of major industrial firms declined 12.8 percent to 2.51 trillion yuan, narrowing 6.5 percentage points from that in the first five months.

— Chinese securities firms recorded robust growth in the first half (H1) of 2020 over advanced capital market reform, according to the Securities Association of China.

China's 134 listed brokerages saw their H1 operating revenues reach 213.4 billion yuan, up 19.26 percent year-on-year, said the association. Besides, their net profits rose 24.73 percent year-on-year to 83.15 billion yuan.

A total of 124 brokerages reported profit growth in H1, statistics showed.

— The balance of domestic and foreign currency loans in the Yangtze River Delta region stood at 41.79 trillion yuan at the end of June, up 14.8 percent year-on-year, official data showed.

According to the Shanghai head office of the People's Bank of China, as of the end of June, the balance of RMB loans was 40.64 trillion yuan, up 14.8 percent year-on-year, registering an increased growth of 0.1 percentage points compared to the same period last year.

In June alone, new RMB loans in the region hit 557 billion yuan, an increase of 83.7 billion yuan year-on-year, while new foreign currency loans stood at $2.5 billion during the period.

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