The head of China's National Bureau of Statistics Wang Baoan, more comments:

  • Current macroeconomic policy measures are effective
  • Yuan depreciation will have limited impact on economy
  • Yuan depreciation will not become a trend
  • Says confident in China's economy over medium and long term

-

ps. I should add in something to the China Q4 GDP data.

The GDP deflator came in at -0.9%

This is an inflation indicator, so no surprises its weak

And, subtracting the deflator from the GDP of 6.8% means 'nominal' GDP (not adjusted for inflation or deflation) came in under 6%.