China’s NBS: China's economy still faces relatively big downward pressure

Dhwani Mehta FXStreet

Following the releases of upbeat Chinese activity data, the spokesman for the country’s stats bureau, National Bureau of Statistics (NBS) highlighted the following key points.

China's economy still faces relatively big downward pressure.

China will keep its economic operations within a reasonable range.

China Nov nationwide survey-based jobless rate at 5.1%.

China's economy created 12.79 mln new urban jobs in Jan-Nov.

Economic operations showed positive changes in Nov.

China's economy remains resilient but faces rising external uncertainties.

We are able to achieve our full year growth target.

Phase one trade deal helps to improve market expectations.

China and US should continue trade talks towards removing tariffs.

There are big potentials for china to boost investment.

China can accept slightly lower or higher economic growth as long as employment, prices are stable.

AUD/USD struggles to gather upside traction despite upbeat China data

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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