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China's Politburo says will implement more proactive macro policy

  • Will expand domestic demand
  • To stabilise housing market and stock market
  • Will prevent and resolve risks and external shocks in key areas
  • Will promote sustained recovery of the economy

Once again, it’s all more high-level commentary coming out of Beijing. We’ll have to wait and see how this all translates to things on the ground. But Trump’s latest tariffs threat is making for some uneasy markets domestically today. The Shanghai Composite is down 1.3% with the Hang Seng down 2.7%.

This article was written by Justin Low at www.forexlive.com.

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