China’s NBS: Economic Recovery Still Faces many Hurdles and Challenges

China’s National Bureau of Statistics (NBS) released a statement through Reuters expressing their interest in the Chinese economy with the consecutive release of the May activity numbers.

June 15, 2022 - 11:53 AM 249 views

China’s NBS: Economic Recovery Still Faces many Hurdles and Challenges

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© China’s NBS: Economic Recovery Still Faces many Hurdles and Challenges

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China’s National Bureau of Statistics (NBS) released a statement through Reuters expressing their interest in the Chinese economy with the consecutive release of the May activity numbers.

Additional Headlines

The major indicators display a marginal improvement, whereas the economy shows good rebound momentum.

Many hurdles and challenges remain in the way of economic recovery.

 Economic growth policies are gaining traction.

 The economic recovery is still in its early stages, with key indicators at low levels.

  Although employment is improving, the impact of covid on jobs has yet to fade.

 Because of governmental support, economic performance is expected to improve even further in June.

If Covid is adequately controlled, reasonable economic growth in Q2 is possible. 


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