Chinese President Xi Jinping announced plans to implement more proactive macroeconomic policies, Reuters reported on Wednesday. He emphasized promoting the economy to achieve both effective qualitative improvements and reasonable quantitative growth.
Key takeaways from Xi’s statement
- Implement more proactive macroeconomic policies
- Maintain social harmony and stability
- Promote the economy for effective qualitative improvement and reasonable quantitative growth
Market reaction
At the time of writing, AUD/USD trades near 0.6690, down 0.04% on the day, reflecting cautious investor sentiment amid the policy outlook.
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