Will focus on striking a balance between short-term and long-term objectives, between growth stabilization and risk preventionChina will improve the mechanism for forestalling and defusing systemic risksChina will place greater emphasis on the use of price-based tools such as interest ratesWill gradually shift away from a focus on quantitative targetsChina will adhere to supportive monetary policy
China home price data today was grim and the steel industry there is sending some big warning signs. For all the excitement about US consumers today, China is leaning in the other direction.
This article was written by Adam Button at www.forexlive.com.
