China NBS: China's property risks have been effectively resolved

Comments out from China’s National Bureau of Statistics (NBS) spokesman Xing Zhihong, delivered during news conference after the release of downbeat Chinese growth numbers for the third quarter.

Key Points:

China's property risks have been effectively resolved

Destocking efforts in third- and fourth-tier cities achieving results

Thus, China's economy will maintain steady and improving momentum, with economic growth still within a reasonable range