The head of China's National Bureau of Statistics Wang Baoan, more comments:
- Current macroeconomic policy measures are effective
- Yuan depreciation will have limited impact on economy
- Yuan depreciation will not become a trend
- Says confident in China's economy over medium and long term
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ps. I should add in something to the China Q4 GDP data.
The GDP deflator came in at -0.9%
This is an inflation indicator, so no surprises its weak
And, subtracting the deflator from the GDP of 6.8% means 'nominal' GDP (not adjusted for inflation or deflation) came in under 6%.