China’s President Xi: Will use new development ideas in economic growth

Dhwani Mehta FXStreet

Following renewed concerns over China’s economic recovery, the country’s Preesident Xi Jinping said on Monday that they will “use new development ideas in economic growth,” Xinhua News Agency reports.

Xi said that his Caibinet will “enhance reform in China and opening up.”

Meanwhile, China Military said that they “carried out drills around Taiwan on Monday,” adding that drills are a serious deterrent to the continued 'political tricks' played by the US and Taiwan

Market reaction

AUD/USD was last seen trading at 0.7046, down 1.03% on the day.

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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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