China's Li: Low inflation, low central government debt mean more room for further macro policy

China's Premier Li Qiang spoke on Sunday at the China Development Forum in Beijing. He said that the nation’s inflation rate and the central government's debt burden are relatively low, leaving more room for further macro policy steps, per Reuters. Key quotes “Aims to increase domestic demand.” “All domestic and foreign businesses will receive equal treatment under policies aimed at boosting domestic demand.

Relatively high interest rates compared to other major central banks support the AUD, and the opposite for relatively low. The RBA can also use quantitative easing and tightening to influence credit conditions, with the former AUD-negative and the latter AUD-positive. How does the health of the Chinese Economy impact the Australian Dollar? China is Australia’s largest trading partner so the health of the Chinese economy is a major influence on the value of the Australian Dollar .

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Source: CNBC - 🏆 12. / 72 Read more »