China’s NBS: Economy continued to recover steadily in July

Dhwani Mehta FXStreet

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

Key quotes

"China's economy continued to recover steadily in July."

"China's economy still faces many difficulties and challenges."

"The international economic environment is severe and complex due to coronavirus pandemic."

"China will strive to achieve economic and social development goals for 2020."

"Employment pressure still exists."

"China able to maintain steady economic growth this year."

"Sino-US tensions will have a negative impact on China, US and world."

"China able to maintain steady grain output this year."

"China’s investment is steady recovering on policy support."

AUD/USD stays pressured below 0.7150 after 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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