China’s NBS: Economy maintained recovery trend in October despite pressures
|Following the release of the October activity numbers, China’s National Bureau of Statistics (NBS) released a statement, via Reuters, expressing their view on the economy.
Key quotes
China’s economy maintained a recovery trend in October despite pressures.
Economic recovery slows due to covid flareups.
Will actively expand demand, stabilize employment and prices.
Will consolidate foundation of economic recovery.
Property market shows some positive changes but downward trend continues.
Expect China’s consumer price inflation to remain benign.
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