China's Pres. Xi: Long-term sound economic growth have not changed and will not change
Following the release of the Chinese economic releases, especially the Q2 growth numbers, the country’s President Xi Jinping came out on the wires, expressing his take on the economic outlook, per Xinhua news agency.
Xi said that the fundamentals of China's long-term sound economic growth have not changed and will not change.
China will keep deepening reform and expanding opening-up, he added.
He will provide a better business environment for investment, development of Chinese and foreign enterprise, said Xi in a letter to global CEOs.
Market reaction
On the above comments, AUD/USD is little changed and keeps its range near daily lows of 0.6989, as markets digest the macro data flow Australia and China.
Meanwhile, the Chinese yuan remains on the back foot despite the Q2 GDP beat.
Author
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.
