The downward pressure on the Chinese economy is increasing and potential risks and problems for the economy are difficult to eliminate over the short term, the People’s Bank of China (PBoC) said on Monday, per Reuters. “China will continue to implement proactive fiscal policy, prudent monetary policy,” the PBoC added. “China will implement tax cuts of a greater scale, will increase local govt special bonds quota by a large margin.” These comments were largely ignored by the market participants and the upbeat mood remains intact with major European equity indexes and the 10-year US Treasury bond yield trading in the positive territory on Monday. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US: Consumer Confidence and Q3 GDP in focus this week – Deutsche Bank FX Street 3 years The downward pressure on the Chinese economy is increasing and potential risks and problems for the economy are difficult to eliminate over the short term, the People's Bank of China (PBoC) said on Monday, per Reuters. "China will continue to implement proactive fiscal policy, prudent monetary policy," the PBoC added. "China will implement tax cuts of a greater scale, will increase local govt special bonds quota by a large margin." These comments were largely ignored by the market participants and the upbeat mood remains intact with major European equity indexes and the 10-year US Treasury bond yield trading in the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
