China GDP - Stats bureau says Employment, inflation, mkt expectations are basically stable

Comments from National Bureau of Statistics of China spokesman Sheng Laiyun:

• Employment, inflation and market expectations are basically stable
• China's major economic indicators in reasonable range
• China growth slowdown positive for structural adjustment
• Services industry development is accelerating and consumption growth is solid
• China faces downward economic pressure, mainly because of domestic factors
• China power output fall partly due to energy efficiency
• China's domestic demand has big potential

Sheng commenting on the GDP and other data releases earlier. While GDP came in as expected (and right around the 7% the government is forecasting for this year) the other indications all registered misses on expectations.