Home / Market Update / Forex Market / Officials: China’s economic recovery is not strong yet

Officials: China’s economic recovery is not strong yet

China’s state media quoted officials as saying on Tuesday that the foundation of the country’s economic recovery has not yet reached strength and that various unforeseen factors may occur at any time.

The New China News Agency (Xinhua) quoted the statement of the Central Committee of the Communist Party of China that the country’s development is still facing pressure from contraction in demand, supply shock and weak expectations.

The statement was issued at the second plenary session of the CPC Central Committee from Feb. 26-28.

More than 200 members of the Central Committee discussed draft reforms of the Party and state organizations, which will be considered by the 14th National People’s Congress.

The 14th National People’s Congress, an annual meeting of parliament that brings together thousands of delegations from all over China, kicks off in the capital, Beijing, next Sunday.

Check Also

GBP/USD Rallies as bulls aim for YTD high

During the North American session on Friday, the GBP/USD pair recovered from its losses on …