Econ­omy said to show signs worst is over

China Daily (Canada) - - FRONT PAGE -

Mul­ti­ple eco­nomic in­di­ca­tors in re­cent months sug­gest the Chi­nese econ­omy is over the worst as pro-growth and re­form mea­sures take ef­fect, ac­cord­ing to the Na­tional Bureau of Sta­tis­tics (NBS).

“Pos­i­tive changes are oc­cur­ring due to gov­ern­ment poli­cies and re­form mea­sures,” ac­cord­ing to Sheng Laiyun, NBS spokesper­son, who made the re­marks in an in­ter­view hosted on the bureau’s web­site on Mon­day.

Sheng said that im­prove­ments in in­dus­trial out­put, fixed as­set in­vest­ment, and ex­pand­ing con­sump­tion in­di­cated an eco­nomic up­turn.

In May, in­dus­trial value-added out­put picked up pace and grew 6.1 per­cent year on year, up 0.2 per­cent­age points from the pre­vi­ous month while ur­ban fixed as­set in­vest­ment in­creased 9.9 per­cent, also up com­pared to 9.6 per­cent in April; and sales of con­sump­tion goods ex­panded 10.1 per­cent in May, up 0.1 per­cent­age point from April.

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