China Premier Li: Foundation of economic recovery is not solid yet

Market news

5 March 2024

China Premier Li: Foundation of economic recovery is not solid yet

China’s Premier Li Qiang delivered the opening remarks at the National People's Congress (NPC) annual meeting on Tuesday.

Key quotes

Foundation of China's economic recovery is not solid yet.

China's domestic demand is not strong, social expectations are relatively weak.

Some small and medium-sized enterprises facing operating difficulties.

Will stabilize and expand private investment.

Earlier on, Reuters reported, citing an official work report, China will target around 5% GDP growth for 2024.

Market reaction

At the press time, AUD/USD is trading 0.05% lower on the day at 0.6506.

USD/CHF consolidates in a narrow trading range above 0.8850, US Services PMI eyed

PBoC sets USD/CNY reference rate at 7.1027 vs. 7.1020 previous

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.