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China pledge to step up policy support underpins rally in oil and Chinese equities
Is genuine China stimulus finally coming?There has been a slow pivot in Chinese policy ongoing for the past two months but the market appeared to be frustrated with piecemeal offerings rather than broader stimulus. Inflation is low in China but policymakers have been trying to deflate real estate and move to a consumption-led economy, rather than relying on investment.That dynamic has capped commodity prices this year and led to a disappointing post-covid recovery in China.However today's Politb...
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Posted: Jul 24 2023, 15:19
Author Name: forexlive
Views: 080821