Chinese authorities press conference announce further measures to prompt economic growth and employment. Present are officials from the:
National Development and Reform Commission (China’s ‘state planner’)Ministry of Human Resources and Social SecurityMinistry of CommercePeople’s Bank of China
China state planner vice head:
will closely monitor domestic and external changes, improve policy toolkit
China’s central bank deputy governor:
Impact on China’s forex assets from volatility in US bond markets is limitedResilience in China’s economy, forex market will provide support for yuan stability will continue to implement appropriately loose monetary policy, step up support for the economywill keep yuan basically stable
This article was written by Eamonn Sheridan at www.forexlive.com.