China’s NBS: Economy has continued to improve

Following the release of the November activity numbers, China’s National Bureau of Statistics (NBS) released a statement, via Reuters, expressing their take on the economy.

Key headlines

Economic recovery is facing many constraints.

November indicators are in a reasonable range.

China's economy continued to improve.

Semiconductor shortage for the auto sector has eased a little.

Market reaction

AUD/USD was last seen trading at 0.7109, up 0.10% on the day.