• China's President Xi: To deepen industrial and investment cooperation with Asia

Market news

16 February 2023

China's President Xi: To deepen industrial and investment cooperation with Asia

China’s state media is reporting some encouraging comments from Chinese President Xi Jinping on Thursday.

Key quotes

“Willing to share ultra-large-scale markets, complete industrial systems and advanced technologies with central Asian countries.”

“Seek to deepen pragmatic cooperation, achieve mutual benefit and win-win results with central Asian countries.”

“To promote high-quality regional economic development and build a closer China-central Asia community with a shared future.”

Deepening industrial and investment cooperation between China and the five central Asian countries will maintain the stability of regional supply chains.”

Market reaction

AUD/USD is erasing the Australian jobs data-led losses on the above comments, trading flat at 0.6900,  as of writing.

Market Focus
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