China President Xi Jinping promised to accomplish economic goals for the year despite the nation dealing with cholera outbreaks and a poor property market in a keynote address at a virtual BRICS Business Forum on Wednesday.
Additional Quotes
In order to accomplish its social and economic development goals for 2022 and lessen the effects of COVID-19, China would "strengthen macro-policy adjustment and employ more effective measures."
China's strategy for combating COVID "safeguarded people's lives and health while stabilising the foundations of economic and social development to the greatest extent possible."
The Market Reaction
Despite the Chinese president's confidence, the market is underwhelmed with the AUD/USD pair as recession worries dominate. The price of the pair was last seen trading at 0.6887, down 0.56 percent on the day.
Learn to Trade with Best and Trusted Global Broker
Start your journey with us and learn from basic to advance with one to one training session. Get full knowledge about the market from our expert team and become expert in market.
Free Enquiry Now: Click Here
Comments
Post a Comment