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China's progress in economic resumption on Aug 11
Updated: August 11, 2020 21:44 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:

— China's central bank said on Aug 11 the country's M2, a broad measure of money supply that covers cash in circulation and all deposits, rose 10.7 percent year-on-year to 212.55 trillion yuan (about $30.49 trillion) at the end of July.

The growth rate was 0.4 percentage points lower than that at the end of June, but up 2.6 percentage points compared with that in the same period last year, said the People's Bank of China, the central bank.

— Newly-added social financing, a measurement of funds the real economy receives from the financial system, came in at 1.69 trillion yuan in July, up 406.8 billion yuan year-on-year.

By the end of July, total social financing reached 273.33 trillion yuan, up 12.9 percent year-on-year.

— Sales of new-energy vehicles (NEVs) in China posted robust growth in July, as the world's largest auto market steadily expands its recovery, industry data showed.

A total of 98,000 NEVs were sold last month, up 19.3 percent year-on-year, according to the China Association of Automobile Manufacturers. 

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