China’s NDRC: China's economy faces renewed downward pressure
|China’s state planner, the National Development and Reform Commission (NDRC) is out with a statement on the Chinese economic outlook.
Key Headlines:
China's economy faces renewed downward pressure due to rising external uncertainties and domestic structural problems.
Approved 94 fixed-asset investment projects in Jan-June worth a total of 471.5 bln Yuan.
Chinese firms signed 2.4 trln Yuan worth of debt-to-equity swaps by end-June.
Chinese firms signed 390 bln Yuan worth of debt-to-equity swaps so far this year.
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