Following the release of the high-impact economic data from China for November, the National Bureau of Statistics (NBS) offered its view on the economy.
Key quotes (via Reuters)
China economy recovers as macro policy effects kick in.
Domestic demand still not sufficient, economic recovery needs further consolidation.
China’s full-year development targets are expected to be achieved.
Persistently recovery demand is helpful for the improvement in consumer prices.
China will not see deflation.
The short-term adjustments in the property sector is conducive for the stable and sound development of the sector in the long run.
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Source: https://www.fxstreet.com/news/chinas-nbs-economy-recovers-as-macro-policy-effects-kick-in-202312150224