Following the release of the key economic data from China for June, the country’s National Bureau of Statistics (NBS) released a statement, via Reuters, sharing their view on the economy.
Key quotes
China’s economy improving, but the international political and economic situation remains complex, foundation of domestic economic recovery not solid.
China is confident and capable to achieve economic growth targets.
China’s property market will gradually stabilise as economic recovers and policies take effect.
The property market is shifting from high-speed development to stable development in the medium to long term.
China’s youth unemployment rate likely to rise in august, but expected to fall afterwards.
Related reads
Source: https://www.fxstreet.com/news/nbs-chinas-economy-improving-but-foundation-of-domestic-economic-recovery-not-solid-202307170217