China’s President Xi: Should try our best to promote stable, healthy economic development

Dhwani Mehta FXStreet

China’s President Xi Jinping said on Wednesday that they must “pay close attention to epidemic prevention and control.”

Xi quickly added that his government “should try our best to promote stable and healthy economic development.”

Additional quotes

China's covid prevention and control strategy is correct and effective, must stick with it.

Would rather live with some temporary economic impact than have people's life and health harmed.

Market reaction

USD/CNY is back in the red after hitting daily highs of 6.7087 earlier in the Asian session. The pair is now trading at 6.7008, down 0.09% on the day.

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.

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