China economy showing clear signs of stabilisation

BEIJING: China's economy is showing clear signs of stabilisation, helped by policy support and some improvement in global demand, and is on track to meet the government's 2013 growth target of 7.5%, the state statistics bureau said on Monday.

The issue of local government debt also remained under control, the National Bureau of Statistics said at a briefing organised by the foreign ministry that may have been aimed at allaying global concern about China's slowdown.