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Free AccessThe economy has made unexpectedly good........>
CHINA: The economy has made unexpectedly good progress at a stable growth pace,
laying a solid foundation for good momentum in future, Sheng Yunlai, the
chief-economist of the National Bureau of Statistics said Thursday in a
statement on the NBS website. As supply-side reforms deepen, the development of
new growth drivers is accelerating and the balance between demand and supply is
improving, Sheng said. All the main economic indexes show positive signs. In the
first eight months this year, industrial value-added rose 6.7% year-on-year, 0.7
percentage point higher than the growth rate in same period last year. Railway
freight volume jumped 15.3% year-on-year, compared with a drop of 6.2% in the
first eight months last year, Sheng noted. Industrial profits increased 21.6%
y/y, 13.2 percentage points higher than that in the same period last year. Among
41 main industrial sectors, 39 saw growth in profits, six more than last year,
Sheng added.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.