China's National Bureau of Statistics said the economy in 1H ran within a reasonable range and new productive forces have expanded, but external uncertainty is substantial and a pronounced supply-strong, demand-weak imbalance means the recovery base needs consolidation. The NBS called for stepped-up counter‑cyclical and cross‑cycle policy adjustment, measures to expand domestic demand and optimize supply, actions to boost new investment and reactivate existing assets, and intensified support to

China's National Bureau of Statistics said the economy in 1H ran within a reasonable range and new productive forces have expanded, but external uncertainty is substantial and a pronounced supply-strong, demand-weak imbalance means the recovery base needs consolidation. The NBS called for stepped-up counter‑cyclical and cross‑cycle policy adjustment, measures to expand domestic demand and optimize supply, actions to boost new investment and reactivate existing assets, and intensified support to stabilise employment, firms, markets and expectations to deliver qualitative improvement and reasonable growth.