China’s NBS: National economy showed good momentum of recovery

Following the release of the key economic data from China for August, the country’s National Bureau of Statistics (NBS) released a statement, via Reuters, expressing their outlook on the economy.

Key quotes

In August, major indicators showed marginal improvement.

National economy showed good momentum of recovery.

Domestic demand remains insufficient.

Related reads

• AUD/USD climbs beyond mid-0.6400s, nearly two-week high after Chinese macro data
• China’s August annual Retail Sales rise 4.6%, Industrial Production jumps 4.5% – a big beat