China economy showing clear signs of stabilisation-stats bureau
BEIJING, Aug 26 (Reuters) - China's economy is showing clearer signs of stabilisation 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 organised 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 stabilising 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.
(Reporting by Kevin Yao; Editing by Paul Tait)