China says it’ll keep the yuan exchange rate basically stable

Earlier from China:

• China says it’ll target 2025 economic growth ‘around 5%’

That number is of intense focus and now its out not much has happened!

There has been a barrage of headline from China, most notable being:

• 2025 economic growth target is ‘around 5%’
• 2025 CPI target is around 2%

• will issue 1.3tln yuan in ultra-long special T bonds in 2025 (was 1tln in 2024)
• will adopt a more pro-active fiscal policy
• will ensure stability in property and stock markets

• China’s consumer trade-in stimulus left at 300b yuan (up 800bn was hoped for)

This article was written by Eamonn Sheridan at www.forexlive.com.