China’s central economic work confernce: Will maintain basis stability of the Yuan

• WIll maintain basic stability of Yuan exchange-rate at reasonable and balanced level
• Will appropriately increase basic pensions
• Will reasonably control supply of new land supply for real estate, pushing forward the work of handling commercial housing stocks
• Currently domestic demand is insufficient,
• Some firms face difficulties in production and operation,
• People’s employment and income growth phase pressures

For a further view on China, see Adam’s post from yesterday:

This article was written by Greg Michalowski at www.forexlive.com.