A spokesman for China’s National Bureau of Statistics (NBS):
- external environment is very severe
- uncertainties are rising
- some firms having difficulties in operations
- unemployment is higher due to graduation season
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Earlier:
- China August Industrial Production +5.2% y/y, vs. expected 5.8%
- China house prices plunge even further in August, down 2.5% y/y (prior -2.8%)
- China – household savings rotating into equities amid active markets and policy tailwinds
This article was written by Eamonn Sheridan at investinglive.com.