China's Premier Li: Downward pressure on China's economy is increasing

Eren Sengezer FXStreet

China’s Premier Li Keqiang crossed the wires in the last minutes, noting that the downward pressure on China's economy is increasing. "We will keep economic operations within a reasonable range," Li told the state media. "We will make good use of counter-cyclical adjustments, will stabilise employment, prices and will expand effective investment," as reported by Reuters.

These comments don't seem to be having a significant impact on market sentiment. The bond market is closed in the United States due to the Columbus Day holiday on Monday.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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