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China's express delivery industry expects to surpass 860 billion yuan in revenue this year, with the industry reaching its peak in the middle of this year, People's Daily reported on Monday.
China's exports will maintain a mild growth rate while the growth in infrastructure investment will continue to be robust, while social retail sales may see a steady rebound, economists at UBS Securities said in a research note. They forecast that China's GDP growth in the third and fourth quarters will bounce back to between 5.5 percent to 6 percent.
China's economy continued its strong recovery in August from the damage caused by the COVID-19 pandemic as key economic data pointed to a stabilizing growth trend and a steady rebound of domestic demand, the National Bureau of Statistics said on Tuesday.
China's manufacturing activities gathered steam in August, adding signs to the stabilizing trend of the economy, but downward pressure persists as trade-related indicators appear to have weakened further, according to economists.
China's foreign trade has been impacted by the ongoing epidemic and the country's imports and exports totaled 4.12 trillion yuan (0 billion) in the first two months of this year, down by 9.6 percent year-on-year, according to statistics from the General Administration of Customs.