‘China’s economic recovery stabilizes as exports, markets boom’
BEIJING: Underpinned by solid global demand for exports and a peak of stock market's gain since 2015, China's economic recovery stabilized in November, according to a Bloomberg report on Thursday.
"Authorities are turning their focus to longer-term growth objectives and discussing withdrawing the emergency stimulus" injected earlier this year, the report said, noting that China remains to be the only major economy likely to expand in 2020.
Data compiled by Bloomberg showed that external demand growth has been a driving force of the economic rebound, in which health gear and technology products account for a significant part of exports. - Xinhua