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China National Bureau of Statistics (NBS) official says economic indicators positve change

China’s National Bureau of Statistics (NBS) deputy chief comments:

  • September
    economic indicators showed positive changes
  • China’s foreign trade situation this year better than expected
  • Foundation for economic recovery not solid yet
  • Will speed up implementation of a basket of policy measures

The data from China today began with that showing

new
home prices fell at the fastest rate since 2015:

China’s 3Q GDP:

Retail sales much better than expected, and industrial output also:

The improvements in this last lot of data came for the period pretty much preceding the first ‘stimulus’ announcement (September 24). That’s encouraging. I guess China will argue the stimulus, which so many were disappointed in, is sufficient.

This article was written by Eamonn Sheridan at www.forexlive.com.

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