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Economy shows recovery momentum

Economy shows recovery momentum

China's economy has gradually overcome the impact of the epidemic, with main indicators showing marginal improvement in May, Fu Linghui, spokesperson for the National Bureau of Statistics, said Wednesday. "The economy is showing good recovery momentum," Fu said at a news conference.

Industrial output grew 0.7 percent in May from a year earlier after falling 2.9 percent in April.

China's exports jumped 15.3 percent year-on-year in May, shattering expectations as factories restarted and logistics snags eased.

The nationwide surveyed urban unemployment rate fell to 5.9 percent in May from 6.1 percent in April. Retail sales fell 6.7 percent year-on-year in May, compared with an 11.1-percent decline in April.