MNI BRIEF: China Data Shows Good Foundation Despite Issues
MNI (BEIJING) - China’s January February economic data shows a firm foundation towards meeting this year's GDP growth target of around 5%, despite the prominence of supply and demand contradictions and low prices in some industries, said Fu Linghui, spokesperson at the National Bureau of Statistics on Monday.
Answering journalists’ questions, Fu said slowing trade growth during the first two months was impacted by special factors such as reduced working days.
China’s future import and export industry can maintain steady development given the country’s plans for opening up and international cooperation, Fu added.
China will continue to facilitate foreign institutional investors to enter its private equity and venture capital markets and further open up its interbank bond market in a bid to attract funds for key sectors and steadily strengthen the yuan's global role, a senior People's Bank of China official told MNI. (See MNI INTERVIEW: China To Facilitate O/S Investors-PBOC Official)