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China Daily / 2020-01 / 20 / Page001

Several economic indicators signal positive outlook

By OUYANG SHIJIA | CHINA DAILY | Updated: 2020-01-20 00:00
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China's economy has shown positive changes in production, consumption, market expectations and prices, indicating that the world's second-largest economy is stable and resilient in the face of headwinds and is laying a solid foundation to counter downward pressure, officials and experts said.

In December, the country's growth in industrial output, retail sales and foreign trade accelerated. Surveys of purchasing managers indicate that market expectations are improving, Meng Wei, a spokeswoman for the National Development and Reform Commission, said at a news conference on Sunday.

Consumer prices month-on-month also stopped rising in December, she said.

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