Affected by the COVID-19 pandemic, it’s not easy for the global economy to recover and improve within just half a year. When China has achieved phased results in containing the disease at home, a lot of observers have started to cast their eyes on China, wondering whether the improving Chinese economy could lead the global economy toward growth.
It is "unconscionable and dangerous" for U.S.
China saw its economy continue to recover and its key economic indicators continue to move in a positive direction in May, which is a hard-won result considering the rampant COVID-19 worldwide and the shrinking international economy and trade. According to statistics released by the National Bureau of Statistics and the Ministry of Transport, the total profits made by industrial enterprises above the designated size, the index of services production, and China's fixed-asset investment in transportation began to increase.
