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
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