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China’s IndustryMin: China faces big pressure in stabilizing industrial output growth in 2020

Speaking at a press conference in Beijing on Monday, China’s Industry Minister Miao Wei said China faces big pressure in stabilizing industrial output in 2020.

Additional Quotes:

Will aim for stable and high-quality development in industry, communication sectors in 2020

Confident to ensure steady industrial sector growth in 2020.

China welcomes foreign firms to participate in its 5G development, opposes politicizing tech issues.

Meanwhile, USD/CNY remains depressed below 6.8600 levels, as the Chinese yuan draws a bid from PBOC’s status-quo.

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