The steady economic recovery led to a drop in urban unemployment rate from 5.5 per cent in June to 5.4 per cent last month, official Chinese media reported.
The recovery in July was not easy as the country had to deal with sporadic domestic COVID-19 flare-ups and high temperatures in many regions, NBS spokesperson Fu Linghui told a press conference.
"However, the economy is still in the process of recovery with the insufficient market demand as a big constraint," Fu added.
As the blocking points of the industrial and supply chains are gradually being addressed, key industries are resuming normal production, which will continue to play a supporting role for China's industrial growth.
ALCHEMPro News Desk (DS)
Receive daily prices and market insights straight to your inbox. Subscribe to AlchemPro Weekly!
marketing@alchempro.com
