China: Economic growth will return to normal in 2023 – Liu He

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In a speech delivered in Davos late on Tuesday, the Chinese Vice Premier Liu He I affirm that “the country’s growth rate in 2023 is likely to return to normalas companies increase investment and consumption rebounds”.

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“Beijing welcomes foreign investment and seeks to expand foreign trade as they are strong pillars of China’s economic progress.”

“Regarding the real estate sector, the rapid pace of urbanization provides solid demand fundamentals for future stability, and the Government will continue to work to reduce risks in the sector.” “

“International cooperation must focus on guaranteeing energy and food security.”

Market reaction

At the time of writing these lines, the pair AUD/USD defends slight gains and trades around 0.7000. Markets cautious awaiting monetary policy announcements from the Bank of Japan (BoJ).

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Source: Fx Street

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