China’s NBS: Economy generally stable in Nov, sees increasing positive changes

Following the publication of the high-impact China’s activity data for November, the National Bureau of Statistics (NBS) expressed its outlook on the economy during its press conference on Monday.

Key quotes (via Reuters)

Economy generally stable in Nov, sees increasing positive changes.

Trend of recovery in consumption has not changed.

Will implement more policies to expand domestic demand.

New policies will gain more traction, but external situation has become more complex and severe.

Expect property market to improve further.

Need to stablize employment, increase incomes to boost consumption capacity.

On track to achieve key economic targets in 2024.

External environment will become more complex and severe next year, trade protectionism is rising.

developing story ….