China PM Li:
- China to keep fiscal, monetary policy stance unchanged
- Not considering expanding deficit, strong stimulus
- Government won’t do nothing; will rely on reform
- Bit higher or lower than 7.5% GDP growth is normal
- China not considering expanding deficit
- China not considering strong stimulus now
Comments on the Bloomberg
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Check out the AUD … despite thee repeated assertion for the Chinese PM that there won’t be large scale additional stimulus it is ticking higher. Despite some in the market still expecting Chinese stimulus, I don’t think that’s what is feeding the AUD buyers.
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ADDED – more details on Li’s comments here: China’s Li: Not Considering Strong Stimulus, Bigger Deficit
