Press conference of the National Bureau of Statistics of China (NBS) following the previous data:
- China GDP growth in the first quarter of 2024 of 5.3% year-on-year (expected +5.0%)
- China: industrial production in March +4.5% year-on-year (expected +5.4%) Retail sales +3.1% (4.5% expected)
Comments from NBS Deputy Chief Sheng Laiyun:
- Consumer inflation will see a slight recovery
- The Chinese economy has had a good start to the year, with positive factors emerging
- establish a solid foundation for achieving annual development goals
- China will actively cultivate and develop new quality productive forces and strengthen the implementation of macroeconomic policies.
- Will continue to effectively pursue high-quality economic growth and appropriately increase economic output
- it is necessary to further strengthen market confidence and economic dynamics in a complex external environment and a critical stage of Chinese economic adjustment and transition
This article was written by Eamonn Sheridan at www.forexlive.com.
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