- China’s NBS: Economy faces many risks and challenges, external environment complex and severe
Market news
15 March 2022
China’s NBS: Economy faces many risks and challenges, external environment complex and severe
Following the release of the January-February activity numbers, China’s National Bureau of Statistics (NBS) released a statement, via Reuters, expressing their take on the economy.
Key headlines
China's economy faces many risks and challenges, external environment complex and severe.
National economy recovered better than expectation in the first two months of 2022.
Momentum of China’s economic recovery sound in Jan-Feb.
Sees increasing positive changes in economic performance.
Foundation for economic recovery not solid yet.
Need to watch COVID-19’s impact on China’s economy.
Market reaction
AUD/USD is erased most losses to now trade flat at 0.7183 on the upbeat Chinese data and NBS comments.
Market Focus
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