China’s NBS: Economic recovery remains uneven

Dhwani Mehta FXStreet

Following the release of the April activity numbers, China’s National Bureau of Statistics (NBS) released a statement, via Reuters, expressing their assessment of the economy.

China's economy showed steady improvement in April.

Foundation for economic recovery not solid.

New problems in economy emerging.

China will keep its economic operations within a reasonable range.

China's economic recovery remains uneven.

China faces relatively big pressure in fulfilling its carbon neutrality goals.

China able to keep consumer price inflation steady this year.

Transmission of PPI to CPI not smooth due to ample supplies.

AUD/USD remains depressed around mid-0.7700s on downbeat 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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