China: There are still many difficulties and problems in economic operations - politburo
|Following its meeting today, China’s ruling Communist Party’s top decision-making body released a statement, via state news agency Xinhua, that read "while fully affirming the achievements, we should clearly see that there are still many difficulties and problems in economic operations."
Key quotes
- The external economic environment is generally tightening and the domestic economy is under downward pressure.
- China will implement counter-cyclical adjustments in a timely and appropriate manner, while the pro-active fiscal policy will become more forceful and effective, and the prudent monetary policy will be neither too tight nor too loose.
- Government will effectively support the private economy and the development of small- and medium-sized firms.
- Authorities will strike a balance between stabilising economic growth, promoting reforms, controlling risks and improving people's livelihoods.
- Will push forward structural deleveraging and prevent speculation in the property market.
- We should adhere to the orientation that houses are used for living, not for speculation.
Source: Reuters.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.