China State Planner Official: Have ability to deal with external challenges to price stability – Reuters

China’s State Planner Official is out on the wires assuring markets that the world’s second-largest economy has the ability to deal with external challenges to price stability.  

Key quotes (Source: Reuters)

• Have the ability to deal with external challenges to price stability
• Consumption data doesn’t fully reflect services spending                                                                                                                  
• China’s consumer spending growth may recover going forward as some one-off and seasonal issues subside
• External issues adding some market volatility, but domestic factors are main determinants of domestic prices
• Can keep prices basically stable in h2