China’s NBS: Economic operations generally stable

Dhwani Mehta FXStreet

Following the release of the key economic data from China for May, the country’s National Bureau of Statistics (NBS) released a statement, via Reuters, expressing their outlook on the economy.

Key quotes

China's economic operations generally stable.

Q2 growth rate will be significantly faster than Q1 growth.

China's economy resilient despite facing some pressures, difficulties.

Pressure on employment, structural problems persist.

China's factory output faces relatively big pressures.

China's policy to support new energy vehicles gaining traction.

China's consumption improves, supports economic recovery.

Consumption recovery faces some hurdles, will support consumption growth.

China's low consumption price rises temporary, likely to pick up.

Expects China’s consumer price to rise to reasonable level.

Declines in producer price rises will increase pressures on enterprises.

China's property market faces many difficulties, expects property market to stabilize.

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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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