China Politburo reaffirms to cut RRR and interest rates in a timely manner ...Middle East

To maintain abundant liquidity and strengthen support for the real economyWill create structural monetary policy tolls and new policy-based instruments to expand consumptionWill focus on stabilising employment, market expectationsNecessary to increase income of low and middle-income groupsWill accelerate the integration of domestic and foreign tradeNecessary to continuously improve policy toolbox to stabilise employment, economyWill implement established policies earlyTo introduce reserve policies in a timely manner according to changes in the situationWill continue to make efforts to prevent and resolve risks in key areasWill speed up to implement more proactive, effective macro policies

This is the usual volley of remarks from Beijing, so it's nothing new really. But in a time like this, it can be read that they are continuing to keep their focus on improving their domestic situation amid hunkering down. As a reminder though, China's top legislature will be meeting on 27-30 April next and that might offer up more interesting comments on the economy.

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

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