China Will Not Enter Delation And Has Considerable Room For Improvement In Urbanization Rate, NBS Spokesperson Says

Data from the National Bureau of Statistics show that in October, the added value of industries above designated size actually increased by 4.6% year-on-year. From a month-on-month perspective, in October, the added value of industries above designated size increased by 0.39%. From January to October, the added value of industries above designated size increased by 4.1% year-on-year. Liu Aihua, spokesperson of the National Bureau of Statistics, said that in the next stage, the current situation of low consumer price will gradually ease and deflation will not occur. Judging from the housing data, the real estate market is still in the transition period of adjustment. Indicators such as real estate development investment and commercial housing sales in October have shown certain signs of marginal improvement. From a long-term perspective, China's per capita GDP currently just exceeds $12,000, and there is still considerable room for improvement in the urbanization rate.