The Mainland’s economy is showing more signs of stabilisation, with growth momentum improving last month, the government-run news agency Xinhua reports.
“China’s economy grew steadily last month,” said Mao Shengyong, a spokesperson for the National Bureau of Statistics of China. “Industrial production, domestic demand, the job market and enterprise profits were all stable.”
Output expanded by 6.1 percent in year-on-year terms last month, marking the eighth consecutive month that output remained above 6 percent. The report says the unemployment rate in large urban areas remained below 5 percent last month.
While growth momentum improved, Mr Mao warned the economic risks still remained given the risks domestically and overseas.