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As the International Monetary Fund warned in a June report, the COVID-19 pandemic has had a more serious impact on global economic activity in the first half than previously anticipated, and the global economic recovery may turn out to be more gradual than previously forecast.

As the major material for power generation, coal is one of the top transported goods. Erdos City in Inner Mongolia autonomous region and Yulin City in Shaanxi province, both major coal producers, are the top two sources of shipment.

As per the report, Beijing, Shanghai and Shenzhen claimed the top three spots, with average monthly salaries of 11,521 yuan, 10,967 yuan, and 10,477 yuan, respectively. And Shenyang saw the lowest wage of 6,939 yuan. In the winter season, almost all of the 38 cities enjoyed wage growth except for Suzhou, Kunming and Yantai.

As the havoc of COVID-19 waned, industrial recovery in western China where exports account for a relatively low proportion of local economies became the driving force behind its economic development in the first half.

As the country works to develop new monetary policy instruments that can directly stimulate the real economy, it is crucial to take steps to ensure enterprises can secure loans more easily and promote steady reduction of interest rates, said this year's government work report.