China’s Stats Bureau: China’s consumption to remain steady in H2

China’s Stats Bureau says consumption is likely to remain steady in the second half of this year and sees trade frictions with the  US  having limited impact on limited impact on consumer price index (CPI), according to Reuters.  

Key quotes (Source: Reuters)

• Needs to assess impact on China’s economy in h2 from trade frictions with US
• China’s prudent monetary policy will help keep consumer inflation steady in h2
• Sees limited impact on China’s consumer prices from trade frictions with the US
• June retail sales growth dragged by delayed auto buying in anticipation of the tariff cut
• Expects china’s consumption to remain steady in h2
• Expects china’s property investment growth to be relatively fast in h2
• Expects China’s fixed-asset investment growth to be steady in h2
• Expects no change in China’s steady, improving trend in its economy