China’s NBS: China's consumer inflation will recover mildly

Dhwani Mehta FXStreet

Following the publication of the high-impact China’s activity data for March, the National Bureau of Statistics (NBS) expressed its outlook on the economy during its press conference on Tuesday.

Key quotes (via Reuters)

China's consumer inflation will recover mildly.

China's consumer inflation will recovery mildly.

China’s economy made a good start to the year with positive factors standing out.

Laying a strong foundation for achieving the annual development targets.

China will actively cultivate and develop new quality productive forces and strengthen the implementation of macro policies.

Will continue to effectively pursue high-quality economic growth and appropriately increase economic output.

It is necessary to further enhance market confidence and the economic dynamic amid a complicated external environment and critical stage in Chinese economic adjustment and transition.

Meanwhile, citing sources, Reuters reports on Tuesday that China's major state banks are seen selling the US Dollars for Yuan in onshore forex market to stabilize the Chinese currency.

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Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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