China's Premier Li: Will aim for good start for economic development in Q1

Eren Sengezer FXStreet

China will aim for a good start for economic development in the first quarter of 2020 and will make good use of counter-cyclical policy tools, Chinese state radio reported on Tuesday, citing Premier Li Keqiang's comments, per Reuters.

"We will guide financial institutions to strengthen credit support for the manufacturing sector, private firms, small and medium firms," Li added. "We will speed up the issuance of local government special bonds."

These comments don't seem to be having a significant impact on market sentiment.

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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