China NBS: Downward pressure on China's economy still large

Additional headlines crossed the wires from the China’s National Bureau of Statistics (NBS) spokesperson, as he continues to speak on the Chinese economy.

Key Headlines:

Employment remains stable, 1.13 million new jobs created in August

Downward pressure on China's economy still large

Rises in property prices have initially been contained

Will continue to implement differentiated polices in property market

Survey-based jobless rate currently around 5.1 pct

Sees progress in cutting property inventories

Expect consumer price rises to remain stable in H2

Cannot be blindly optimistic about exports despite rebound in August

Foundations for China's economic stabilisation not solid enough