China NBS cites domestic demand as driver of H1 economy growth

China’s National Bureau of Statistics (NBS) out on the wires via Reuters, with comments on the latest upbeat Chinese data dump.

 Key Headlines:

Final consumption accounted for 73.4 pct of H1 gdp growth

Economy shows signs of stabilisation

Survey-based jobless rate in 31 major cities currently around 5.0 pct

Capital formation accounted for 37 pct of H1 gdp growth

Net exports accounted for -10.4 pct of H1 gdp growth 

Uncertainties in global economy increasing due to Brexit

China will push forward supply side reforms, develop new growth engines

Domestic demand as driver of H1 economy growth