China says economy is improving, but recovery is not stable

China will maintain its pro-growth policies, as the economic recovery is still not stable, said Friday the ruling Communist Party.

The statement with this statement appeared in a summary of a plenary meeting of party's Central Committee that ended Friday, according to state radio.

The official summary of the meeting said that "the overall economic situation is improving," but warned that "the foundations for economic recovery of our country is not yet stable, solid and balanced."

The heart of the community argued that the national and international economic situation remains under the shadow of uncertainty and that the Chinese economy faces "a critical stage to ensure growth.

In the meeting said that China will "make a stable and relatively fast growth the priority in economic work.

These statements are in line with recent comments of top Chinese leaders and Prime Minister Wen Jiabao.

(Reporting by Chris Buckley and Ben Blanchard, editing by Teresa Larraz in Madrid Writing)

Eurozone registers surplus cte cta EUR 6,600 mln in July

The euro zone ended July with a current account surplus of 6,600 million euros, considering a seasonally adjusted estimate, reported Friday the European Central Bank (ECB).

Without adjustment, the surplus was 8,800 million euros.

In June, the current account recorded a deficit of 4,300 million euros according to adjusted data and a surplus of 800 million euros, without adjustments.

The trade balance recorded a surplus of 12,600 million euros, up from 5,100 million in June.