China’s NBS: Economy maintained steady recovery in October
|Following the release of the October activity numbers, China’s National Bureau of Statistics (NBS) released a statement, via Reuters, expressing their take on the economy.
Key quotes
National economy maintained steady recovery in October.
World trade and economic recovery further stalled due to spread of covid-19.
Domestic economy is still in recovery.
Multiple challenges need to be conquered for domestic economy to achieve full recovery.
Economy has strong resilience.
Consumption prospects are improving.
Services industry also obviously improving.
Q4 growth will accelerate from Q3.
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