China’s NBS: Economy in Q1 shows continued momentum of stable recovery
|Following the release of the Q4 GDP and March activity numbers, China’s National Bureau of Statistics (NBS) released a statement, via Reuters, expressing their assessment of the economy.
Economy in Q1 shows continued momentum of stable recovery.
Foundation for economic recovery is yet to be consolidated.
Long-standing structural problems remain prominent.
International landscape has high uncertainties and instabilities.
Market reaction
AUD/USD remains under pressure below 0.7750 amid mixed Chinese data and uptick in the US Treasury yields. Focus remains on the broader market sentiment ahead of the US Michigan Consumer Sentiment data.
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