China's economic operation generally stable in July. Rising negative impact from changes to china's external environment.
Following the publication ofthe high-impact China ’s growth and activity datafor May,the National Bureau of Statistics expressed its outlookon the economy during its press conference on Thursday. Key quotes China 's economic operation is generally stable in July. Rising negative impact from changes to China 's external environment. Economic recovery trend needs to be consolidated. Expect recovery in consumption to consolidate as policies gain traction.
Falls in producer price index likely to narrow in coming months. Expect consumer prices to remain relatively stable in future. Domestic demand likely to improve due to policy support. China's economic development faces more favourable conditions despite challenges and risks. China's foreign trade remains resilient despite rising protectionism. Related news Australian Dollar receives support from moderate employment data China’s July Retail Sales rise 2.7%, Industrial Production up 5.
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