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China's non-manufacturing PMI stayed unchanged from the previous month and stood at 54.3 in May, registering the fifth month in a row with a reading above 54.
China's fixed-asset investment in the transport sector rose by 10.5 percent year-on-year in the first eight months of the year as economic activities normalized amid effective epidemic control, according to the Ministry of Transport on Thursday.
China's industrial production grew 7 percent year-on-year in April led by rapid growth in high technology and equipment manufacturing sectors, data from the National Bureau of Statistics showed on Tuesday.
China's financial sector did not stop opening up amid the epidemic. For example, Oaktree Capital Management, a global asset management firm focused on alternative markets, established a wholly owned subsidiary in Beijing in February. China's central bank also approved an application from Mastercard's Chinese joint venture to conduct bank card clearing business in the country. More foreign financial institutions are expected to be established and cooperation projects landed in China in the second half of this year. The Chinese economy has shown strong resilience amid the COVID-19 pandemic, said Leo Yin, manager of Deutsche Bank China Beijing Branch.
China's economy, the second-largest in the world, is still growing and bolstering the world economy. China is contributing more to global growth than any other country, said Jing Ulrich, vice-chairman of global banking and Asia-Pacific at JPMorgan Chase & Co.
来源：资阳报