China’s NBS: Economy remains resilient despite impact from coronavirus
|Following the releases of awful Chinese activity data, the spokesman for the country’s stats bureau, National Bureau of Statistics (NBS) highlighted the following key points.
China's economy remains resilient despite impact from coronavirus.
Still confident of achieving full-year economic growth target.
Expects China's economy to show significant improvement in march.
Expects impact from coronavirus on economy to decrease in Q2.
Expects China's consumer price inflation to ease gradually in H1.
China will not resort to flood-like stimulus.
China will not use property market as short-term stimulus.
China will expand effective investment.
China will boost consumption.
Expects jobless rate to fall as firms resume operations.
There is room for china to appropriately raise budget deficit ratio.
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