Following the release of China's impressive activity data for the month of March, the National Bureau of Statistics (NBS) expressed its outlook on the economy during its press conference on Tuesday.
Featured statements (via Reuters)
China consumer inflation to recover slightly.
The Chinese economy has started the year well, highlighting the positive factors.
Solid foundations are laid to achieve annual development objectives.
China will actively cultivate and develop new quality productive forces and strengthen the implementation of macro policies.
It will continue to effectively pursue high-quality economic growth and appropriately increase economic output.
It is necessary to continue strengthening market confidence and economic dynamics amid a complicated external environment and a critical stage in China's economic adjustment and transition.
Meanwhile, citing sources, Reuters reports on Tuesday that China's major state-owned banks are selling US dollars for yuan in the foreign exchange market to stabilize the Chinese currency.
Source: Fx Street
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