2022 was rough: inflation, energy crisis, and plenty of other controversial situations…
Premier Li Keqiang: China requires eliminating barriers to investment
China is bound to remove barriers to foreign investment and generate jobs just to bolster surge in the country, the world's number two economy, as Premier Li Keqiang told.
This week, China’s authorities relaxed curbs on foreign investment, excluding up to 30 entries from a list to ensure more access into its services, mining and manufacturing sectors. Meanwhile, up to 63 items remained restricted to foreign investment.
Li stressed that this year the country’s foreign investment has faced negative surge, so it’s something the government should closely monitor. Eliminating barriers to investment and spurring the confidence of both foreign and domestic investors – that’s what the Chinese government is expected to do without delay.
It takes much time for foreign companies to register. Moreover, the time taken for goods to pass through customs turns to be much slower than it should be according to global standards, as the statesman emphasized.
The US dollar index keeps rounding above the 103.60 historical support level. The buyers have already defended this level for three weeks, highlighting their interest in the greenback. Thus, buying USD looks less risky right now.
Happy Monday, dear traders! Hope you had a great weekend and you’re ready for the last trading week in 2022! Later this week we’ll announce some exciting news for you, but now let’s look through some interesting news! Today’s events: USA, UK, Hong…
This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.
S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.
The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.