China’s NBS: Economy remains resilient but external environment becoming more complex and severe
|Following the publication of the high-impact China’s February activity data, the National Bureau of Statistics (NBS) expressed its outlook on the economy during its press conference on Monday.
Key quotes (via Reuters)
China’s economy remains resilient but external environment becoming more complex and severe.
Achieving the 2025 growth target 'will not be easy'.
China’s property market faces some pressures despite signs of stabilizing.
Expect China’s consumer prices to improve further.
Expect Q1 economic operations to be steady.
Macroeconomic policies will provide more support for the economy.
China’s employment situation remains largely stable.
The rise in Feb jobless rate still within normal ranges.
Stabilizing and expanding employment still requires arduous efforts.
Market reaction
AUD/USD is holding mild gains above 0.6300, up 0.13% on the day, at the press time.
Australian Dollar PRICE Today
The table below shows the percentage change of Australian Dollar (AUD) against listed major currencies today. Australian Dollar was the strongest against the Canadian Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.04% | 0.00% | -0.07% | -0.04% | -0.00% | -0.24% | -0.08% | |
| EUR | 0.04% | -0.07% | -0.40% | 0.00% | -0.10% | -0.21% | -0.07% | |
| GBP | -0.01% | 0.07% | -0.06% | -0.14% | -0.04% | -0.15% | -0.06% | |
| JPY | 0.07% | 0.40% | 0.06% | 0.03% | -0.15% | -0.12% | -0.15% | |
| CAD | 0.04% | -0.00% | 0.14% | -0.03% | -0.16% | -0.19% | -0.59% | |
| AUD | 0.00% | 0.10% | 0.04% | 0.15% | 0.16% | -0.08% | 0.05% | |
| NZD | 0.24% | 0.21% | 0.15% | 0.12% | 0.19% | 0.08% | 0.14% | |
| CHF | 0.08% | 0.07% | 0.06% | 0.15% | 0.59% | -0.05% | -0.14% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Australian Dollar from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent AUD (base)/USD (quote).
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