In the wake of the recently disclosed robust economic data for November in China, the National Bureau of Statistics (NBS) shares its insights on the nation’s economic landscape. According to NBS, the Chinese economy is rebounding with the positive impacts of macro policies taking effect. However, it notes a lingering issue: domestic demand is not yet sufficiently robust, indicating that further consolidation is necessary for a complete economic recovery.

The NBS emphasizes optimism by stating that it sees China progressing towards achieving its full-year development targets. Furthermore, it views persistently recovering demand as a positive factor contributing to improvements in consumer prices, thereby ruling out the possibility of deflation in the country. Interestingly, it sees the short-term adjustments observed in the property sector as beneficial, fostering stability and sound development in the long run.

Summary

The NBS acknowledges the current positive trends in China’s economy while highlighting areas that warrant attention for sustained growth. As China progresses towards achieving its development goals, the importance of addressing domestic demand and ensuring stability in the property sector remains paramount.