NBS: Economic situation gained momentum in Jan-Feb period

Time:2019-03-13 10:01:38      Source: chinadaily.com.cn
An employee performs welding operations at a private company in Zibo, Shandong province.
 
China's overall economic situation improved in the Jan-Feb period, said Ning Jizhe, head of the National Bureau of Statistics, on Tuesday.
 
"From the beginning of the year, the Chinese economy has been stable and has shown improving momentum," Ning said during an interview in the so-called "minister's passage" at the annual meetings of the national legislature and the top political advisory body.
 
Ning said his remarks were based on current available economic data of the Jan-Feb period, while the NBS is still working on the comprehensive data, which will be released on Thursday as scheduled.
 
Specifically, the Jan-Feb period saw an overall steady expansion in production, consumption and trade, as well as stable price levels and employment, Ning said.
 
More positive signs have appeared in March, with daily volume of electricity sold by the country's major power supplier State Grid Corp going up 11 percent year-on-year from the beginning of March to Sunday, said Ning.
 
Market expectation has also brightened, as signaled by the stock market uptrend since the beginning of the year, Ning added.
Index RMB/t DoD Basis Date
Datong 5500 455 0 ex-mine 07-01
Shuozhou 5200 445 0 FOR 07-01
Ordos 5500 420 0 ex-mine 07-01
Yulin 6200 540 0 ex-mine 07-01
Liulin Low-sulphur 565 0 ex-mine 07-01
Gujiao Low-sulphur 1095 0 FOR 07-01
Xingtai Low-sulphur 1210 0 ex-Factory 07-01
Yangquan PCI 795 0 FOR 07-01
Index RMB/t WoW WoW% Date
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