China’s NDRC: Economic recovery is not solid yet
|“Basis of China's economic recovery not solid yet,” Ning, Vice-Chair at the National Development and Reform Commission (NDRC), the country’s state planner, said on Monday.
Additional takeaways
“China must cope with risks from overseas. “
“Confident China will achieve 2021 economic targets.”
“Liquidity will be kept reasonably ample in 2021 given nominal GDP growth could be relatively high.”
“China will continue to guide financial institutions to surrender profits this year.”
“China will rely on reforms to resolve risks.”
“China's five-year plan implies quantitative GDP growth goal.”
“China's economy in Jan-Feb continues steady recovery trend since Q2 2020.”
Market reaction
The above comments fail to have any market impact, with AUD/USD holding gains around 0.7700 while the S&P 500 futures turn negative around the 3,835 region.
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.