China’s Central Bank Says Economy is Improving

“China’s central bank governor and statistics chief signaled October data to be published from tomorrow will show growth improving this quarter in the world’s second-largest economy.

Some indicators are rebounding and the economy is stabilizing, Zhou Xiaochuan, head of the People’s Bank of China, said today in Beijing at a briefing during the Communist Party’s 18th Congress. Ma Jiantang, head of the National Bureau of Statistics, said separately that people will be “more confident” about the fourth-quarter expansion.”

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