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China Securities Times - More active fiscal policy for the next 5 years needed

The Securities Times reports on comments from researcher at Chinese Academy of Social Sciences, Gao Peiyong

  • More "active and forceful" fiscal policy announced at Central Economic Work Conference will stay in effect for the next five years, not just 2016
  • Fiscal policy will continue to be expansionary in 2016-2020 period

via Bloomberg

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Meanwhile AUD/USD ids making new session highs:

In the short-term resistance ahead around 0.7215/20 then 0.7250. Support 0.7165/70 then 0.7150

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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