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China's economy grew by 4.9 percent in the third quarter compared with a year earlier, according to official data. It is the first major economy in the world to have recovered from the coronavirus crisis.
China's foreign trade volume totaled 6.57 trillion yuan (1 billion) in the first quarter of this year, falling 6.4 percent year-on-year. In the meantime, the country's exports dropped 11.4 percent to 3.33 trillion yuan, and imports declined 0.7 percent to 3.24 trillion yuan, according to customs data released on Tuesday.
China's national weather observatory issued a blue alert on Sunday, the lowest in a four-tier weather warning system, for rainstorms in the central and eastern parts of the country in coming days, after recent floods in Guangdong province brought direct economic losses of 39 million yuan (.7 million).
China's economic activities quickly recovered to the pre-pandemic levels by the end of the second quarter. China's value-added industrial output rose 5.6 percent year on year in August, marking the fastest gain in eight months. The country's exports climbed 9.5 percent year on year last month, the strongest gain in 17 months.
China's long-term steady economic growth will ensure stable fiscal revenue, although growth might slow down due to expected larger scale of tax and fee cutting, said Li Dawei, a senior MOF official.
来源：资阳报