China's Presi. Xi: Expanding domestic demand to be a strategic priority

“China will expand domestic demand as a strategic priority,” President said while speaking at the Asia-Pacific Economic Cooperation (APEC) forum.

Additional quotes

Will further innovate in science and technology.

Will continue supply-side reform.

China will deepen reforms.

China will not engage in decoupling.

China will further cut tariffs.

China will continue to open its economy.

China will discuss and sign free trade agreements with more countries.

Market reaction

USD/CNY was last seen trading at 6.5613, almost unchanged on the day. The Chines yuan sits at the strongest levels in almost 30 months, courtesy of the higher PBOC fix and the recent drop in the US dollar against its main peers.

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