Additional comments crossed the wires from China’s National Bureau of Statistics (NBS) spokesperson, via Reuters, in response to the in-line with estimates Chinese growth numbers for the third quarter.
GDP at same growth rate as it discounts CPI
China property curbs timely, effective, cool market, lead to lower price in some cities
Ultimate goal of property curbs to support economy
Yuan depreciation has brought pressure in short term
Yuan has no fundamental to depreciate in medium, long term.
Recent devaluation due to more to global situation.
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