China Stats bureau says foundations for economic stabilisation not solid enough

Reuters with commentary crossing from the National Bureau of Statistics in China:

  • Investment stabilising, consumption improving
  • Employment remains stable, 1.13 million new jobs created in August
  • Downward pressure on China's economy still large
  • Rises in property prices have initially been contained
  • Says will continue to implement differentiated polices in property market
  • Survey-based jobless rate currently around 5.1 pct
  • Sees progress in cutting property inventories
  • Says expects consumer price rises to remain stable in H2
  • Cannot be blindly optimistic about exports despite rebound in August
  • Foundations for China's economic stabilisation not solid enough

Some blunt commentary there from NBS spokesman Sheng Laiyun

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