NDRC’s Ning on China’s industrial production data
|Vice Chairman, Ning Jizhe, of China’s State Planner, the National Development and Reform Commission (NDRC) was on the wires earlier today, expressing his thoughts on the Chinese industrial production data due Tuesday.
Key Points:
Will grow by more than 6% in January and February
Survey-based unemployment rate in 31 major cities was around 5%
China's economic growth still mainly relies on domestic demand
January and February data will be released together
The combining of the 2 months is an attempt to smooth the seasonal factors caused by the variable timing of Lunar New Year holiday
(In 2017 this began in January (27th, if my memory serves), but was all in February during 2016 ... ditto on the memory)
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.