Home China Stats Bureau: Economy has stabilized, risks to exports persist
FXStreet News

China Stats Bureau: Economy has stabilized, risks to exports persist

While China’s economy has stabilized and is showing upward momentum, it’s outbound shipments remain vulnerable to falling global demand, China’s Stats Bureau chief reportedly said on Thursday.  

China’s real GDP growth stabilized at 6.4 percent (annualised) in the first quarter, beating expectations of a drop to 6.3 percent, according to the official data released earlier this month.  

Further, the PMI numbers, also released in the first week of April, showed the manufacturing activity expanded in March, ending sequential decline.  

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.