China NBS says the economy had a good start in Q1, but the external situation is becoming more complex, adds China is to expand domestic demand and optimise supply
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China NBS says the economy had a good start in Q1, but the external situation is becoming more complex, adds China is to expand domestic demand and optimise supply
Chinese Fixed Asset Investment (YTD) YoY (Mar) Y/Y 1.7% vs. Exp. 1.8% (Prev. 1.8%)
Chinese Unemployment Rate (March) 5.4% vs. Exp. 5.2% (Prev. 5.3%)
On the Newsquawk feed at , 20 minutes before this page.
Says
- China will implement proactive macro policies.
- Expects a complex, volatile external environment.
- China will consolidate economic recovery foundation.
- Sees mixed signs of strong supply and weak demand.
Context
This assessment from the China NBS highlights a cautiously optimistic view on the domestic economy's start to Q1, but underscores potential headwinds from a challenging external environment. The mention of proactive macro policies suggests a readiness to support growth amid mixed signals of supply strength and demand weakness, which may influence global market sentiment and expectations around commodity demand.
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