China's Premier Li: Will take time for consumption to return to normal growth
|"It will take time for consumption to return to normal growth," China's Premier Li Keqiang told the state media on Tuesday, as reported by Reuters.
Li further noted that they will maintain financial support for the real economy.
Market reaction
These comments don't seem to be having a significant impact on market sentiment. As of writing, major European equity indexes were up between 0.3% and 1%. Meanwhile, the S&P 500 futures are gaining 0.15% on the day, suggesting that Wall Street's main indexes could start the day slightly higher following Monday's sharp drop.
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.