China’s NBS: Foundation for domestic economic recovery is not yet consolidated

Dhwani Mehta FXStreet

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

There are still unstable., uncertain factors in global economic recovery and COVID-19 control.

Foundation for domestic economic recovery is not yet consolidated.

Still sees pressure on downstream firms from high prices upstream.

China still faces pressure on employment despite overall improvement.

China's consumption recovery trend is continuing.

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