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- China’s NDRC: Will unswervingly promote market opening
China’s NDRC: Will unswervingly promote market opening
Vice Head of the National Development and Reform Commission (NDRC), the country’s state planner, said on Monday that “China will unswervingly promote the market opening.”
He added that “China will give greater space for economic development in Hong Kong and Macau.”
Additional comments
“China's economy shows significant recovery in Q3.”
“China's economy faces many difficulties and challenges.”
“Recovery trend in China's economy will further consolidate as policies gain traction.”
“China's consumer inflation is moderate.”
Separately, a Chinese Emergy Official crossed the wires, noting that they “will greatly increase domestic energy supply capacity.”
Meanwhile, the country’s State Reserves chief said that they “will further increase reserve capacities for key commodities.”
Market reaction
Amid a better market mood at the start of the week, AUD/USD is shrugging off the PBOC’s operations and Chinese commentary. The spot is trading near-daily highs of 0.6236, up 0.60% on the day.
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