BEIJING – The growth of Chinese enterprises' sales revenue saw a steady recovery last year despite the COVID-19 pandemic, according to the State Taxation Administration.
Chinese firms' sales revenue rose 6 percent year-on-year in 2020, data from the State Taxation Administration showed
Chinese firms' sales revenue rose 6 percent year-on-year in 2020, data from the administration showed.
ALSO READ: China's major internet firms log higher revenue
With effective virus containment measures and improvements in economic activities, the volume reversed the downward trend by gaining 9 percent year-on-year in the second quarter.
READ MORE: China's producers use social platforms to attract consumers
The pace of growth further accelerated in the next two quarters, reaching 12.4 percent and 15.7 percent, respectively, according to the administration.