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Following the release of  the April activity numbers,  China’s National Bureau of Statistics (NBS) released a statement, via Reuters, expressing their assessment of the economy.

China’s economy showed steady improvement in April.

Foundation for economic recovery not solid.

New problems in economy emerging.

China will keep its economic operations within a reasonable range.

China’s economic recovery remains uneven.

  • AUD/USD remains depressed around mid-0.7700s on downbeat China data

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