PBOC Adviser: Reform measures are needed for boosting consumption
Source Fxstreet
Speaking at the Boao Forum on Wednesday, Huang Yiping, an adviser to the People’s Bank of China (PBOC), stated that “reform measures are needed to boost consumption.”
Additional quotes
Changes in global environment will be challenging for China.
Incomes and confidence are crucial for boosting consumer demand.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Left Hand in Safe-Haven, Right Hand Against Inflation: International Gold Prices Hit New Highs with Seemingly No ResistanceTradingKey – This year, record-breaking gold prices have frequently made headlines across major media outlets. Geopolitical tensions, inflation trends, and U.S. tariffs have emerged as key drivers beh
TradingKey – This year, record-breaking gold prices have frequently made headlines across major media outlets. Geopolitical tensions, inflation trends, and U.S. tariffs have emerged as key drivers beh
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, hovers around 104.30.
Gold price (XAU/USD) attracts follow-through buyers for the second consecutive day and climbs to a fresh record high, around the $3,077-3,078 area during the Asian session on Friday.
Bitcoin (BTC) price stabilizes at around $87,000 on Friday, as its RSI indicates indecisiveness among traders.
The EUR/USD pair struggles to capitalize on the previous day's goodish bounce from over a three-week low, around the 1.0730 area, and edges lower during the Asian session on Friday.
Related Instrument
