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Chinese economy picks up, business returns to normal

On Monday, Jun. 7 Hou Kai, auditor general of the National Audit Office, stated that the Chinese economy picked up and businesses steadily returned to normal last year in spite of coronavirus hit.

Assigned by the State Council, Hou handed over an audit report on the enforcement of the central administration’s 2020 budget and other financial proceeds and expenditure at the current session of the Standing Committee of the National People’s Congress.

Hou noted that China decreased the pressure on market entities by more than 2.6 trillion yuan (around USD406.48 billion) last year, further saying that 11.86 million fresh urban jobs were created and over 9.6 million people were relocated from uninhabitable areas.

Hou stated that based on a random check of the more than USD36 billion of financial funds of 43 central departments and their 439 subordinate units, the enforcement of the central administration’s 2020 budget and investment strategies was good in general.
Source: MENAFN

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