NBS: China's economic operation generally stable in July
|Following the publication of the high-impact China’s growth and activity data for May, the National Bureau of Statistics (NBS) expressed its outlook on the economy during its press conference on Thursday.
Key quotes (via Reuters)
China's economic operation is generally stable in July.
Rising negative impact from changes to China's external environment.
Economic recovery trend needs to be consolidated.
Expect recovery in consumption to consolidate as policies gain traction.
Falls in producer price index likely to narrow in coming months.
Expect consumer prices to remain relatively stable in future.
Domestic demand likely to improve due to policy support.
China's economic development faces more favourable conditions despite challenges and risks.
China's foreign trade remains resilient despite rising protectionism.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.