Chinese official says economy resilient but recovery momentum remains weak

BEIJING, Oct 20 (Reuters) China s economy has withstood pressure and continues to expand steadily, but the ​recovery foundation and momentum ‌are relatively weak, an economic official at the National Development and Reform Commission (NDRC) told a press conference on Tuesday. The comments ‌were ​made following the ⁠release of better-than-expected economic ⁠growth data for the third quarter on Monday, as roaring exports offset consumers tight grip on ​their wallets. • The impact of external shocks is deepening, while ⁠a mismatch between strong ⁠supply and weak demand ​at home remains pronounced, said Zuo Gang, ​deputy director for the Department ‌of National Economic Comprehensive Affairs at the NDRC, which is the country s top economic planner. • Divergence across ⁠industries is also evident, and the foundation and the momentum for a sustained economic ⁠recovery ‌remain weak, he added. • ⁠The NDRC is drafting an ​implementation ‌plan for the strategy ​to expand ⁠domestic demand for