People are shopping in a mall in Beijing on August 14, 2020.
Nicolas Asfouri | AFP | Getty Images
BEIJING – Chinese consumers intensified their spending in August as a sign of further economic recovery from the shock of the coronavirus pandemic.
Retail sales rose 0.5% in August from a year ago, the first positive report for the year so far, China̵
The retail level in the first eight months of the year fell 8.6% from the year before, the agency said. Online retail sales of physical goods grew by 15.8% during that time, the data show.
Unemployment measured by the official survey of cities was 5.6%, 0.1 percentage points lower than in July, the agency said.
Industrial production grew by 5.6% in August from a year ago.
Investments in fixed assets fell 0.3% in the first eight months of the year. It was not immediately clear what the year-on-year figure for August was.
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