China’s NBS: Economy faces many external uncertainties, downward pressure continues

Dhwani Mehta FXStreet

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

China's economy faces many external uncertainties, downward pressure continues.

Need efforts to achieve full-year employment target.

Will resist downward economic pressure.

Food price rise contributed 80% to China’s CPI growth.

Pork price rise contributes to 64% of China October CPI growth.

AUD/USD extends south run as China data adds to Aussie disappointment

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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