- China’s NBS: Downward pressure on economy increased substantially in Q2
Market news
15 July 2022
China’s NBS: Downward pressure on economy increased substantially in Q2
Following the release of the June activity numbers, China’s National Bureau of Statistics (NBS) released a statement, via Reuters, expressing their take on the economy.
Key headlines
Impact of COVID outbreak on the economy has not yet been completely eliminated.
Economic base for long-term recovery is not stable.
Stagflation risks are increasing globally.
China is confronting falling demand, a supply shock also.
Chinese economy faces structural and cyclical issues.
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