Zhao from NDRC expresses confidence in achieving Chinese economic growth goals

post: CHINA STATE PLANNER, CHAIRMAN: **CHINA'S ECONOMY LARGELY STABLE **CHINA'S ECONOMY FACING MORE COMPLEX INTERNAL, EXTERNAL ENVIRONMENTS **DOWNWARD PRESSURE ON CHINA'S ECONOMY INCREASING **MARKET EXPECTATIONS HAVE IMPROVED AFTER NEW POLICY ADOPTION **FULLY CONFIDENT OF…AUD/USD dipping as China's NDRC press conference gets underway There is scope for substantial disappointment from this if no new substantial fiscal stimulus is announced. So far at the press conference its upbeat comments about how great the economy is. NDRC Chairman says: • China's economy is largely stable. • China's economy is facing a more complex internal and external environments. • New policies will improve health of economic actors. • Fully confident of achieving 2024 economic growth goals.China NDRC conference continues, AUD slips a little further The National Development and Reform Commission of the People's Republic of China (NDRC) is China's 'state planner'. The press conference was much hyped for another big dose of stimulus. So far there has been nothing of note. AUD and other FX is drifting off a bit on the disappointment. Chinese markets are coming back from earlier gains, in an extremely volatile environment. Hong Kong is net down. '