China’s economy resilient but recovery remains weak, says official
The comments followed Monday’s better-than-expected third-quarter growth data, as strong exports offset weak consumer spending.
China's economy has remained resilient and continued to grow, according to an official from the National Development and Reform Commission (NDRC). However, the recovery process is still weak, an official noted during a press conference on Tuesday. This assessment came after better-than-expected economic growth data for the third quarter was released on Monday, with strong exports helping to offset consumer caution.
Zuo Gang, deputy director of the NDRC's Department of National Economic Comprehensive Affairs, highlighted the deepening impact of external shocks and the significant disparity between high supply and low demand within the country. He also pointed out that industry differences are evident, and the groundwork for a robust economic revival is still lacking.
The NDRC is currently drafting a plan to boost domestic demand from 2026 to 2030, with accelerated efforts to implement the strategy, Zuo added.
Written by urgent.news from Free Malaysia Today's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- China’s economy resilient but recovery remains weak, says official freemalaysiatoday.com
