Following the publication of the high-impact China’s April activity data, the National Bureau of Statistics (NBS) expressed its outlook on the economy during its press conference on Monday.
Key quotes (via Reuters)
Productivity demand grew steadily.
Employment situation generally stable.
Economy grew steadily in face of pressure, continues developing in an upward trend.
China actively diversifying, expanding trade with Belt and Road initiative nations.
Market reaction
AUD/USD picks fresh bids to near 0.6420, adding 0.28% on the day, at the press time.
Reviewed byJane Zhang
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