Via People’s Bank of China financial news outlet in China, an anlsyst pice:
- China should shift policy initiatives towards boosting consumer demand
- policy should move away from expanding credit
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The recent data in China pretty much highlights that more needs to be done to bolster domestic demand. while factory output is performing solidly retail sales are disappointing:
This article was written by Eamonn Sheridan at www.forexlive.com. Source