China’s Wang: Will roll out more measures to promote consumption recovery

Market news

20 October 2021

China’s Wang: Will roll out more measures to promote consumption recovery

China’s Vice Commerce Minister Wang Bingnan said on Wednesday, his government will push for more measures to promote the consumption recovery.

Wang added that “it requires greater efforts to maintain the steady recovery in consumption.”

Market reaction

The Chinese yuan fails to react to these comments, as USD/CNY remains deep in the red around 6.3820, as of writing. The spot is losing 0.72% so far.

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Currencies. Daily history for Wednesday, October 20, 2021

Commodities. Daily history for Tuesday, October 19, 2021

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