China’s NBS: Economy still in process of recovery
Following the release of the Q3 GDP and September activity numbers, China’s National Bureau of Statistics (NBS) released a statement, via Reuters, expressing their outlook on the economic recovery.
Key quotes
“International environment remains complex and severe, considerable instability and uncertainties.”
“China's economy still in process of recovery.”
“Data demonstrate strong vitality of china's economy.”
“Need to recognize global COVID-19 situation remains serious.”
“Growth drivers remain relatively weak, need to consolidate growth momentum.”
“Indicators give us good reason to believe in sustained recovery.”
“Good reason to have confidence in whole-year growth.”
“Employment situation improved significantly in sept for university graduates.”
“More jobs also being created for rural migrant workers.”
“Final consumption's contribution to Q3 GDP growth was 1.7% points.”
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.
