China Policy Watch-More in store, much at stake
Oct 25 (Reuters) -Markets have swung from euphoria to jaded pessimism on China. While furtherstimulus is almost a certainty as the stakes for the economy continue to rise, whether or not the measuresmeet lofty expectation is the question.
China has announced a swathe of monetary policy easing steps since late September.The one-year medium-term lending facility rate was held at 2.00% on Friday, after anunprecedented 30-basis-point cut last month.
Traders are ontenterhooks awaiting the fiscal leg of the economic revival package, with no newsyet onthe anticipated meeting of the National People's Congress Standing Committee - China's top legislative body, typically held in late October.
On other fronts, China has unleashed restraints on property markets and liberatedanimal spirits in equity markets. The Shanghai Composite Indexhas risen around 20% since the stimulus press conference on Sept 24, though well off its reactionary surgeof 34%.
Next week, China's October PMIs will provide a glimpseof the early effects of all these measures. Expectations are low as global demand slowsand efforts to stoke domestic demand will take longer to materialize in the data.
Much is at stake as China's economy faces multiple headwinds, from demographic change to societal disenchantment, and of course, potentially seismic U.S. political event risks, makingthe attempt to pivot to consumption-driven growth even more imperative. That suggests China won't want the yuan to be too weak, even if it may support the backbone of the economy - exports.
For more click on FXBUZ
CNYfix: https://tmsnrt.rs/4eZoLGU
RMBindex: https://tmsnrt.rs/4hmShYD
CNYfibo: https://tmsnrt.rs/4hhmpol
China c.bank cuts benchmark loan prime rates https://reut.rs/4f8l41e
Ewen Chew is a Reuters market analyst. The views expressed are his own. Editing by Sonali Desai
免责声明: XM Group仅提供在线交易平台的执行服务和访问权限，并允许个人查看和/或使用网站或网站所提供的内容，但无意进行任何更改或扩展，也不会更改或扩展其服务和访问权限。所有访问和使用权限，将受下列条款与条例约束：(i) 条款与条例；(ii) 风险提示；以及(iii) 完整免责声明。请注意，网站所提供的所有讯息，仅限一般资讯用途。此外，XM所有在线交易平台的内容并不构成，也不能被用于任何未经授权的金融市场交易邀约和/或邀请。金融市场交易对于您的投资资本含有重大风险。
所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。
本网站上由XM和第三方供应商所提供的所有内容，包括意见、新闻、研究、分析、价格、其他资讯和第三方网站链接，皆保持不变，并作为一般市场评论所提供，而非投资性建议。所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为适用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。请确保您已阅读并完全理解，XM非独立投资研究提示和风险提示相关资讯，更多详情请点击 这里。
