China State Planner: Will Offset trade risks by expanding domestic demand

Omkar Godbole FXStreet Contributor

China will counter the negative impact of the trade war on the economy by boosting domestic demand, a State Planner official said on Tuesday, according to Reuters.

Key quotes (Source: Reuters)

China’s economy more focused on quality, more resilient to trade shocks

China has huge potential to expand domestic demand due to consumption upgrade, still considerable regional gaps

Will more effectively expand domestic consumption demand, promote private investment, reduce company burdens to deal with US trade risks

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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