People’s Bank of China governor Zhou Xiaochuan has an article published in today’s People’s Daily.
Also:
- Reiterates prudent monetary policy
–
We are not seeing much impact on AUD from these reported comments out of China. Chinese authorities are trying to transition the economy to more domestic consumption, but are facing a slowdown. This is a theme we have following for a while now, and so far there have been little signs of much improvement, to the extent that the 7.5% GDP growth target for 2013 is in serious doubt of being achieved.
