s authorities implement"accurate and forceful" monetary policy,” China Securities Journal reported, citing experts.“To support the real estate sector, cuts to the over-five-year LPR are likely, with Beijing conducting"targeted rate reduction" to help with the property sector recovery.“
At the time of writing, USD/CNY is trading flat at 6.7780, underpinned by the pause in the US Dollar decline. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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