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PBOC's chief economist says China will grow around 6.7% this year

Comments from the PBOC

  • Mon pol is now appropriate

  • Will look at changes in the macro-economy and financial sector in the future

  • Yuan remains stable vs currency basket on Oct, despite falling against the dollar

  • That underlines commitment to new currency regime

  • Impact on yuan to be limited if Fed raises rates in Dec (What about Nov?)

  • Mon pol will consider possible impact on property market

The usual waffle from China. The Fed comment shows exactly where most folks are looking for a hike.

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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