China’s NBS: Economy maintained steady recovery in October

Following the release of the October activity numbers, China’s National Bureau of Statistics (NBS) released a statement, via Reuters, expressing their take on the economy.

Key quotes

National economy maintained steady recovery in October.

World trade and economic recovery further stalled due to spread of covid-19.

Domestic economy is still in recovery.

Multiple challenges need to be conquered for domestic economy to achieve full recovery.

more to come ....