China’s NDRC: Economy will return to normal in Q2

China’s state planner, the National Development and Reform Commission (NDRC), said on Tuesday, the economy will return to normal in Q2.

The Commission added that Beijing still has ample policy tools and will roll out relevant policy reserves at an appropriate time.

NDRC said it approved 19 fixed-asset investment projects worth CNY 185.3 bln in Jan-Feb. According to China’s National Bureau of Statistics (NBS), Fixed asset investment for the same period stood at -24.5% YoY vs. +2.8% expected and +5.4% last.