Major economic indicators show signs of improvement - China's Statistics Bureau

FXStreet (Mumbai) - China's Statistics Bureau said on Monday that major economic indicators are showing signs of improvement. The statement comes at a time when China risks a full fledged stock market crash.

The Bureau added that the economic performance remains within a reasonable range and the recent policy measures are showing initial impact on the economy.

China announced a surprise rate cut in the end of June, despite which the rout in the stock market continued. Over the weekend, China announced fresh measures to avoid full fledged crash. Consequently, the Shanghai Composite managed to close with 2% gains.