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- China’s NBS: Economic operations show stabilizing and recovery
China’s NBS: Economic operations show stabilizing and recovery
Following the release of the key economic data from China, the country’s National Bureau of Statistics (NBS) released a statement, via Reuters, expressing their outlook on the economy.
Key quotes
Economic operations show stabilizing and recovery.
Foundation of economic recovery not solid yet.
China's employment basically stable, rise in Feb jobless rate due to seasonable factors.
China's economy still faces many difficulties this year, including global risks.
2023 growth target of around 5% in line with economic reality.
Setting excessively high growth target unfavourable for higher quality growth.
Faces pressure and challenges in achieving 2023 growth target.
Expects continued policy tightening in some countries as inflation stays high.
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