Official: China economy showing signs of stabilisation

BEIJING – China’s National Bureau of Statistics (NBS) has announced that the country’s economy is showing clear signs of stabilisation and is on track to meet the Government's 2013 growth target of 7.5%. A pickup in industrial output, better-than-expected global market conditions and the Government’s pro-growth mini-stimulus each have contributed to faster growth. At the same time, the NBS suspended release of industry-specific data from a purchasing managers’ index for manufacturing because of accuracy concerns.