China stats bureau says external situation is complex and China's economic foundation still needs to be consolidated, adds to continue to optimise supply and domestic supply-demand imbalance remains prominent, will continue to expand domestic demand
Says:
- Should implement more active fiscal policies and moderately loose monetary policies.
- International situation remains grim and complicated as of April, and the world economic recovery is facing greater headwinds.
- April retail sales figure affected by a high base.
- Growth trend has not changed.
- Will and capacity of people to spend needs improving.
Context
The comments from China's stats bureau highlight a continued struggle with economic recovery, emphasizing the need for active fiscal policies and moderately loose monetary measures. This suggests a commitment to stimulate domestic demand amid external pressures and a challenging global landscape, which may impact investor sentiment around Chinese equities and related assets.
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