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

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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. 

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