FXStreet (Mumbai) – In an interview with Reuters, China’s President Xi Jinping reinforced his confidence in China’s economic prospects while noting that the country continues to face hardships.
Key Quotes:
“The fundamentals of a steadily growing economy have remained unchanged.”
“The new type of industrialization, IT application, urbanization and agricultural modernization that is in full swing has generated strong domestic demand and great potential for future growth. It has also made the economy more resilient and adaptable.”
“Going forward, we will deepen market-oriented financial reforms according to law to cultivate an open and transparent capital market that enjoys long-term, stable and sound development. We will improve risk management, stabilize market expectations and make it easier for private capital to operate in the financial sector to better support the real economy.”
(Market News Provided by FXstreet)