China still has ample room to support the economy, China’s Stats Bureau said on Wednesday following the release of the dismal factory output and retail sales data for April.
Key quotes
Economy shows greater ability to cope with external shock.
Economy increasingly resilient to risks.
Still solid basis for maintaining steady economic growth.
China’s consumer price inflation to remain steady, sharp rises unlikely.
China’s factory prices unlikely to rise significantly.
Economy remained stable in first four months.
China holiday affected economic data in Jan-April.
China’s employment to remain steady.
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