China's National Bureau of Statistics said August indicators showed "three
steadies, two fast." Production was steady: industrial value added and the
industrial production index posted steady growth in August. Employment among the
core 30–59 age group was unchanged from July and a year earlier. Prices were
stable: CPI rose 0.8% YoY and PPI rose 3.8% YoY in August. The "two fast" were
rapid expansion in emerging industries and in imports and exports. The bureau
said, despite elevated uncertainty, the economy kept steady momentum and new
growth drivers are accumulating.
