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Xinhua reports the comments by the Chinese President Xi, following the conclusion of the Politburo meeting.

Key Quotes:

The economic situation is good overall.

Hopes everyone will correctly recognize China’s current economic situation.

Global environment, domestic conditions are having profound, complicated changes.

Long-term positive trend for China economy remains unchanged.

Efforts to improve economic structure will not be smooth.

The comments come ahead of the highly-anticipated US-China trade talks due later today in Shanghai. The risk sentiment sours in Europe amid rising no-deal Brexit fears, pushing USD/JPY further south to 108.50 levels.