China says will place greater emphasis on boosting consumption

• To increases residents’ income, promote reasonable wage growth
• To increases support for consumer goods trade-in program
• Will better meet housing consumption needs, support new forms of consumption
• To introduce more practical and effective measures to stabilise foreign investment

Again, these are all on the surface comments for the most part. There needs to be more in terms of action to really convince of a major turn in domestic sentiment. Investors are just waiting to pounce as valuations in China are extremely cheap considering the market downturn since Covid. Is this going to be finally the year?

This article was written by Justin Low at www.forexlive.com.