Comments from an official at China’s National Bureau of Statistics (NBS)
- 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
The comments follow the April economic data release, a mixed bag:
- China Industrial Output April 2025 +6.1% y/y (expected 5.5%, prior +7.7%)
As an aside, from the data something that might interest oil traders:
- China’s April apparent oil demand falls 5.6% y/y
This article was written by Eamonn Sheridan at www.forexlive.com.
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