China Economy Showing Clear Signs Of Stabilization - Stats Bureau

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China's economy is showing clearer signs of stabilization and positive change, helped by some external improvement, and is on track for the 2013 growth target of 7.5 percent, the state statistics bureau said on Monday.

China's national flag flies on Tiananmen Square on a hazy day in Beijing

China's economy is showing clearer signs of stabilization and positive change, helped by some external improvement, and is on track for the 2013 growth target of 7.5 percent, the state statistics bureau said on Monday.

The comments by National Bureau of Statistics spokesman Sheng Laiyun were at a briefing organized by the foreign ministry that may have been aimed at allaying concern in global markets about China's slowdown.

A private factory survey reinforced signs of stabilizing in the economy in the third quarter after the government took supportive measures, including scrapping taxes for small firms and accelerating investment in urban infrastructure and railways.

China's annual economic growth slowed to 7.5 percent in the second quarter, down from 7.7 percent in the three months ending March 31 - the ninth such deceleration in the past 10 quarters.

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