released by the country's statistics authority on Monday — the latest sign that the world's second-largest economy is on the road to recovery from the impacts of the coronavirus pandemic.
However, Beijing reported 57 new coronavirus cases on Sunday — its highest number in two months — and officials have reimposed regional lockdown measures in certain areas. Chinese consumer spending is a crucial measure for the economy and a boost in purchases in May propelled an increase in home and auto sales.
Big ticket items helped drive retail sales up, with auto sales increasing 3.5% compared to the same period in 2019.How Fidelity spurred a 147% productivity increase during the coronavirus pandemic, setting it up to hire thousands more workers
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inside the hospital at Javits Center, from Navy Reserve officer - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Microsoft expect 70 bln. Income from RAM OS cartridge Windows sales ( which increase stability and security of OS)
Source: BusinessInsider - 🏆 729. / 51 Read more »
PRESENTING: An inside look at winners and losers of fitness industry - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Inside Sallie Krawcheck's Ellevest: Assets trail digital wealth rivals - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Is it discriminating to say that with 80 mil under mgmt she is rather a failure?
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stocks, oil fall as second wave fears cloud recovery prospectsAsian shares and Wall Street futures fell on Monday as growing fears of a second wave of coronavirus infections revived economic worries, while underwhelming data from China also weighed on investor sentiment. We’re not even done with the first wave. It is desirable that the entire Asian country set aside about 20% of GDP as corona virus funding, and at the same time make financial investments.
Source: Reuters - 🏆 2. / 97 Read more »