China NBS spokesman: Prepared for Fed rate hikes

China National Bureau of Statistic (NBS) spokesman was on the wires last hour, expressing his views following the release of the Chinese data dump.

Key Quotes:

China economy is overall stable

Industry indicators like electricity look good

Progress being made on structural reforms

Uncertainties from Fed, domestic eco transformation

Hope us considers spillover effect from fed moves

Fed impact may be positive and negative; market prepared somewhat

Don’t see property investments overheating