|

China NBS: Slowing trend in investment to halt in coming months, more stimulus on cards?

A Spokesman from China’s National Bureau of Statistics (NBS) is on the wires now, via Reuters, commenting on the Chinese economic growth prospects following the release of China data dump.

Key Headlines:

Slowing trend in infrastructure investment will be halted in coming months.

No need to worry about risks of stagnation in China's economy.

China’s household debt remains at a reasonable level, risks under control.

Expects China's consumer inflation to remain mild, no significant price rises.

Impact from China-US trade frictions in China economy not significant, but there will be an impact on global recovery.

Author

Dhwani Mehta

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

More from Dhwani Mehta
Share:

Editor's Picks

AUD/USD jumps to 0.7050, fresh one-month top after hot Australian CPI

AUD/USD attracts buyers for the second straight day on Wednesday, rising to a fresh high since September 23 during the Asian session. A hot Australian CPI print reaffirmed bets for an imminent RBA rate hike in November and boosted the Australian Dollar. Meanwhile, the US Dollar pauses after a three-day rally to a near two-week high ahead of the crucial FOMC rate decision, lending additional support to the currency pair.

USD/JPY sticks to modest gains above 157.50 as traders await Fed, BoJ meetings

USD/JPY attracts buyers for the third straight day, recovering further from a one-month low ahead of Wednesday’s FOMC decision and the BoJ policy update on Friday. Meanwhile, expectations that the BoJ may hold off on aggressive rate hikes weigh on the Japanese Yen, and the US Dollar advances to a nearly two-week high, supporting the currency pair.

Gold recovers above $4,050 as Fed Chair Warsh speaks

Gold ticks higher after the Federal Open Market Committee decided to keep the Fed funds rate unchanged at 4%. XAU/USD advances as Chair Kevin Warsh explains the decision.

Bitcoin Price Forecast: BTC reclaims $81,000 as traders await Fed policy decision, Big Tech earnings
Bitcoin (BTC) reclaimed $81,000 on Wednesday, extending its recovery as investors wait for the Federal Reserve (Fed) monetary policy decision and upcoming Big Tech earnings. Institutional demand showed mild bullish signs, with spot Bitcoin Exchange Traded Funds (ETFs) recording a second consecutive day of inflows this week.
Federal Reserve set to hold interest rates steady despite persistent inflation

The US Fed announces its Interest Rate Decision on Wednesday, following another pivotal meeting that could provide key insights into the bank’s monetary policy outlook heading into the end of the year.



Anthropic pledged $270 billion to Amazon, Google, and Microsoft. Here's who actually gets paid
Anthropic owes Amazon, Google, and Microsoft at least $269.4 billion for computing power, even if it uses less. All three sell its models and handle its billing, and Amazon and Google own stakes and lend it money, so they get paid regardless of how the IPO goes. The Dario Amodei-led Anthropic filed its initial public offering (IPO) on Monday, seeking a listing on the Nasdaq under the ticker ANT.