China Financial regulator head talking up the Chinese economy:

  • Consumption has become China’s biggest growth engine
  • China has become the largest consumer of cars, mobile phones, and home appliances
  • China has accelerated to become the world’s biggest consumer
  • China’s financial opening up benefit itself and provide better asset allocation opportunist for global capital
  • Total assets under foreign banks and insurance institutions exceed 7 trln yuan in China

Upbeat comments from such a senior official will pour cold water on further large-scale stimulus expectations.

china shop retail 30 May 2023
Source: Forex Live