Following the release of the high-impact economic data from China for September, the National Bureau of Statistics (NBS) expressed its outlook on the economy.
Key quotes (via Reuters)
Positive momentum of China’s economic recovery more obvious in Q3.
Foundation of economic recovery and improvement needs to be further consolidated.
If China’s Q4 YoY GDP growth could hit above 4.4%, the full-year target of around 5% could be achieved.