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Another 2.981 million workers filed for unemployment claims last week, boosting the total during the coronavirus pandemic to nearly 36.5 million –the largest number of job losses in US history, the US Labor Department reported Thursday.

Anta unit looks to gain traction with more consumer segments in nation

Another reason to believe in the strength of the Chinese economy is that the country has the largest middle-income group of populations in the world, a massive market and huge potential for demand. The epidemic may stem market demand, but only temporarily, with a bounce well anticipated afterwards.

Apart from the new measures of opening-up, Zhang said the Belt and Road Initiative, which will help promote connectivity and infrastructure construction as well as to lower the transportation costs, will also certainly boost trade between China and the EU.

Another key measure of re-balancing is de-stocking. The property sector, an industry with a high inventory, saw over 602 million square meters of property unsold by the end of September, down by nearly 9 million square meters from a month earlier.