- China’s Finance Minister: Economic recovery is still not solid
Market news
4 January 2023
China’s Finance Minister: Economic recovery is still not solid
Commenting on China’s economic recovery, the country’s Finance Minister Liu Kun said on Wednesday that it is still not solid.
Additional takeaways
Risks include a contraction in demand and disruptions to supply.
The government has to enhance transfer payments to less developed areas as well as increase fiscal spending and investment in more regions using the proceeds from the issuance of special government bonds.
Will prevent systemic risks from government debt.
Risks are controllable.
Market reaction
Despite the downbeat comments from the Chinese official, AUD/USD maintains its upbeat momentum, trading 0.52% higher on the day at 0.6766 at the press time.
Market Focus
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