05:18:13 16-09-2022
China’s NBS: Foundation of economic recoveries is still not solid
Following the release of the August activity numbers, China’s National Bureau of Statistics (NBS) released a statement, via Reuters, expressing their view on the economy.
Key quotes
Main indicators show positive changes, but the foundation of economic recoveries is still not solid.
China economy continues recovery trend in Aug despite some factors exceeded expectations.
Improvement in economic performance in Aug 'hard won'.
Recovery in domestic demand still lags behind recovery in production.
Expects domestic demand to pick up, situation of low core CPI may change.
Domestic demand in china is recovering more slowly than supply.
Consumer price inflation in China is to stay largely stable.
Economy affected by covid flare-ups in aug but impact limited.
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