China National Bureau of Statistics (NBS) spokesman:
- Ability of foreign trade enterprises to develop market has increased, have strong adjustment capabilities during trade friction and fluctuations
- China has the conditions, ability and confidence to deal with various challenges
- Necessary to see that the current overall low prices will increase the pressure on enterprises and affect the income growth of residents
- Structural contradiction of employment is still prominent, and employment pressure on youth group is great.
- Will strengthen policy coordination and promote urban renewal and affordable housing construction, for stable and healthy development of real estate market
Earlier:
- China NBS spokesman (more): Foreign trade overcame difficulties, maintained steady growth
- China Stats spokesman: contribution of consumption to eco growth will continue to increase
- China Industrial Output April 2025 +6.1% y/y (expected 5.5%, prior +7.7%)
- Chinese officials say the economy is growing steadily in the face of pressure
This article was written by Eamonn Sheridan at www.forexlive.com.
