From Forexlive, comments from National Bureau of Statistics of China spokesman Sheng Laiyunon GDP figures:
- Employment, inflation and market expectations are basically stable
- China’s major economic indicators in reasonable range
- China growth slowdown positive for structural adjustment
- Services industry development is accelerating and consumption growth is solid
- China faces downward economic pressure, mainly because of domestic factors
- China power output fall partly due to energy efficiency
- China’s domestic demand has big potential
No big bang stimulus coming.
