PBOC says will step up analysis of macro economic and financial work ...Middle East

To innovate macro prudential policy tools and promote sustained recovery of the economyTo focus on real economy and people's need for financial servicesWill help arrest the fall in the property market and stabilise conditionsTo promote cross-border use of the yuan currencyWill develop yuan offshore marketTo allow for currency swap and yuan settlement to play their respective roles

More on the surface and high-level commentary from the Chinese central bank. As much as they will play their part in maintaining more accommodative monetary policy conditions, the onus is on Beijing to deliver on the fiscal side of things still.

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

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