China’s NDRC: China's economy faces renewed downward pressure

Dhwani Mehta FXStreet

China’s state planner, the National Development and Reform Commission (NDRC) is out with a statement on the Chinese economic outlook.

Key Headlines:

China's economy faces renewed downward pressure due to rising external uncertainties and domestic structural problems.

Approved 94 fixed-asset investment projects in Jan-June worth a total of 471.5 bln Yuan.

Chinese firms signed 2.4 trln Yuan worth of debt-to-equity swaps by end-June.

Chinese firms signed 390 bln Yuan worth of debt-to-equity swaps so far this year.

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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