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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI POLICY: China to Cut More Taxes, Shun QE: Xinhua Cites Li
BEIJING (MNI) - China will pursue larger-scale tax and fee cuts to
stimulate growth, but will "resolutely" oppose quantitative easing, Xinhua News
Agency reported Friday citing Premier Li Keqiang.
Li repeated that China won't open the credit floodgate, according to
Xinhua's report on the premier, who spoke at the "1+6" roundtable with world
leaders including the World Bank and IMF.
Acknowledging the increasing difficulty of stabilizing growth, Li said
China is confident achieving its economic goals set earlier in the year,
according to Xinhua.
China will maintain the continuity and stability of its macroeconomic
policies, utilize countercyclical tools, prioritize employment and further
implement policies opening up its financial sectors, Li said according to
Xinhua.
[TOPICS: M$A$$$,M$Q$$$,MC$$$$,MI$$$$,MGQ$$$]
To read the full story
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Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.