China says stagflation signs are transitory

Comments from a spokesman for China's National Bureau of Statistics following the October activity data

• China economic activity data for October - Industrial production and retail sales beat

Remarks from the news conference:

• signs of stagflation in China's economy caused by some short-term factors
• says expects China's economy to continue recover, consumer inflation to remain mild
• expects infrastructure investment to pick up as china rolls out key projects
• says China's employment situation gradually improving