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.

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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