Economic recovery gathers momentum
(WorldNews China)

China`s economic recovery has gathered momentum since the second quarter of this year with a significant rebound seen in product orders and loan demand, a central bank survey said on July 3. An index of domestic orders rose to 50.9 percent during the April-to-June period, rising from the record low of 17.4 percent in the first quarter when production was hit by the novel coronavirus outbreak, said a survey of about 5,000 business leaders in the industrial sector, conducted by the People`s Bank of China, the central bank. An index of export orders rose from 19.1 percent to 32 percent during the April-June period, reflecting strong recovery in output with...