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China's exports grew by 10.4 percent year-on-year to 1.69 trillion yuan in July, while its imports rose to 1.24 trillion yuan, growing by 1.6 percent from same period a year earlier, the General Administration of Customs said.
China's export rose 7.9 percent year-on-year in August, higher than 6 percent in July. Total export in the first eight months rose 5.4 percent, customs data showed Saturday.
China's major steps in reviving the economy include the following: 1) Large monetary stimulus has been used, but with emphasis on limiting the increase in private or public debts. 2) Fiscal stimulus has focused on infrastructure programs that can get people back to work. 3) SMEs have been given special access to loans and their taxes have been cut. 4) Local officials have been charged with opening up businesses if and only if their region has contained the virus. The Chinese government's fine-grained information about local economies allows it to make such localized decisions, while many Western countries will have to use blunter macroeconomic policies. 5) Supply chains are being restored as factories coordinate restoring production. 6) China will continue its long-term plans pushing more market-oriented reforms and international opening up. And 7), as noted above, policies have prioritized restoring jobs and protecting poor people.
China's economy delivered a solid start to the year with above-target growth. Its GDP expanded 6.8 percent year-on-year in the first quarter, unchanged from the previous quarter.
China's financial authorities released a notice on the disposal of corporate bond defaults on Friday in an effort to resolve financial risks and step up punishment for debt evasion and other illegal activities in the country's bond market.
来源：资阳报