China talks up economy


China's economy is on course to meet the government's annual growth aim of 7.5%, the state statistics bureau has said, with "signs of growth stabilization" becoming "more obvious."

In a press briefing that may have been called to try to allay global fears about China's slowdown, the bureau also said that local government debt - a topic of increasing concern - remains under control.

The comments follow the release of several pieces of positive data for July, including PMI and trade figures.

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  • User 353732
    , contributor
    Comments (5158) | Send Message
     
    The more Governments engage in statistical propaganda the worse the prospects for the real economy.
    26 Aug 2013, 07:03 AM Reply Like
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