China state planner official

  • Believes china consumer growth still in reasonable range despite slower growth in official consumer spending data
  • Says consumption data doesn't fully reflect services spending
  • Says china's consumer spending growth may recover going forward as some one-off and seasonal issues subside
  • External issues adding some market volatility, but domestic factors are main determinants of domestic prices
  • Can keep prices basically stable in h2
  • Have ability to deal with external challenges to price stability

Via Reuters report

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The 'state planner' is the National Development and Reform Commission of the People's Republic of China