German finance ministry official: China should restructure its economy

Market news

2 October 2015

German finance ministry official: China should restructure its economy

A German finance ministry official said on Thursday that China should restructure its economy.

"The recent discussions about stock-market turbulences are rather a side issue. China's real challenge is to restructure its economy away from a very much export-driven, manufacturing-based model toward a growth model that's more strongly based on domestic demand," the official said.

OECD: consumer price inflation in the OECD area remains unchanged at 0.6% year-on-year in August

United Kingdom: PMI Construction, September 59.9 (forecast 57.5)

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