China's National Bureau of Statistics says China's economic foundation needs to be strengthened, adds external situation is complex and volatile
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[MARKET ANALYSIS] USD trades flat after recent weakening and as central bank rate decisions loom
Lufthansa (LHA GY) is to further reduce short-haul network, according to Handelsblatt
China's National Bureau of Statistics says China's economic foundation needs to be strengthened, adds external situation is complex and volatile
Chinese Industrial Production YoY (May) Y/Y 4.5% vs. Exp. 4.2% (Prev. 4.1%)
Chinese Fixed Asset Investment (YTD) YoY (May) Y/Y -4.1% vs. Exp. -2% (Prev. -1.6%, Low. -3.6%, High. -0.8%)
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Says:
- China's economic development shows resilience in May.
- China is to strengthen counter-cyclical adjustments, will stabilise employment and market.
- China is to expand domestic demand, adds domestic supply and demand imbalance is more striking.
- Some companies face relatively big pressure.
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