ICYMI: China's Premier Li said fiscal expenditure will reach a record high this year ...Middle East

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ICYMI: Chinas Premier Li said fiscal expenditure will reach a record high this year

China's Premier Li Qiang was speaking at the ASEAN - Gulf Cooperation Council (GCC) - China Economic Forum official dinner on the sidelines of the 46th Association of Southeast Asian Nations (ASEAN) Summit in Kuala Lumpur, Malaysia.

Notably, Li said that

    fiscal outlays in China will reach a record high this yearthe government is directing more policy resources towards consumption to boost demand

    Li had some comments on Trump's trade war:

    "Facing rising protectionism and unilateralism in some places of the world, we must be committed to expanding opening up and removing barriers""Economic globalisation is currently experiencing an unprecedented major impact"Li urges upholding a multilateral trading system with the World Trade Organization at its core said China's economy has continued to recover and improve since the beginning of the year, and that Chinese exports have remained "resilient despite external pressure".

    Info via Reuters report ICYMI.

    This article was written by Eamonn Sheridan at www.forexlive.com.

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