Member ID:
Stay logged in for 30 days
Forget Your Password?

login CCFGroup App

Economy | Time: Mar 13 2019 8:43AM
NBS: Economic situation gained momentum in Jan-Feb period
Text size
China's overall economic situation improved in the Jan-Feb period, said Ning Jizhe, head of the National Bureau of Statistics, on Tuesday.

"From the beginning of the year, the Chinese economy has been stable and has shown improving momentum," Ning said during an interview in the so-called "minister's passage" at the annual meetings of the national legislature and the top political advisory body.

Ning said his remarks were based on current available economic data of the Jan-Feb period, while the NBS is still working on the comprehensive data, which will be released on Thursday as scheduled.

Specifically, the Jan-Feb period saw an overall steady expansion in production, consumption and trade, as well as stable price levels and employment, Ning said.

More positive signs have appeared in March, with daily volume of electricity sold by the country's major power supplier State Grid Corp going up 11 percent year-on-year from the beginning of March to Sunday, said Ning.

Market expectation has also brightened, as signaled by the stock market uptrend since the beginning of the year, Ning added.
Related Articles
Talks require US to 'correct wrong moves'
Chinese economy set for 6.2% growth: OECD
China's FDI rises 6.4% in first four months of 2019
Indexes show positive growth signs
China raises tariffs on US in response
China's coastal bulk freight index grows in April
US raises tariffs on $200 billion of Chinese goods up to 25%
Ministry: No winners in China-US trade war
China's producer prices up 0.9% in April
China deeply disappointed by US tariff plan
Rayon yarn market change on vortex-spun yarn operation
Development of nylon downstream sectors
Polyester and end-user market demand in 2019
2019 polyester feedstock market outlook and short-term ...
Direct-spun PSF market pattern change
MEG-polyester market operation in 2019