CHINA China's macro economy stable in Jan-Feb


China's macro economy stable in Jan-Feb


18:28, March 20, 2019


(File photo: VCG)

BEIJING, March 20 (Xinhua) -- Despite multiple unfavorable factors, China's macro economy remained stable in the first two months, a report has said.

The National Academy of Development and Strategy under Renmin University of China said in its monthly report that the economy performed well during the January-February period against impact from setbacks in globalization, frustrated multilateralism and volatile global financial markets.

Supply-side structural reform was pushed forward, and quality growth was pursued, the report said.

A string of indicators from industrial output to retail sales published by the National Bureau of Statistics have showed the economy kicked off the year on a stable note, with new growth drivers continuing robust growth. Tame inflation also guaranteed leeway for policy maneuver.

However, the report said structural problems still lingered and there would be growing pains from economic shifts, adding that more should be done to deepen reform and bolster the private sector.

The development of the private sector directly determines economic performance, the report said, adding that reforms to resolve entrenched problems facing private businesses will improve business confidence.

Related Stories

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue