Remarks by Chinese Premier Li Keqiang
- Will provide food this winter and next spring
- China’s economic data is within a reasonable range
- Economic growth in the third quarter slowed but fully confident to meet global targets
The comments are what you would expect from the Chinese authorities, but as is always the case with China, the timing and context matter more than the words themselves. In this case, the message is that they won’t let the economy suffer a drastic setback after having to deal with the fallout from Evergrande and then the crisis of power in recent weeks. Invest in yourself. See our forex education center.