PBOC: Coronavirus epidemic will not change China's sound long-term economic fundamentals
|In a commentary in its publication, the People’s Bank of China (PBOC) said that the impact from the virus epidemic on China's economy is temporary.
Additional Headlines:
The impact from virus epidemic on china's economy is limited
The stock market plunge on Monday has some irrational factors, or even panic triggered by herd effect.
Epidemic will not change China's sound long-term economic fundamentals.
China's economic development still has positive factors and shows strong resilience.
Positive factors in economic growth will provide long-term support for economic stabilization, steady financial market operations.
Believe market operation will return to rational state in long run.
The conciliatory comments from the Chinese central bank helped the local stock markets to recover slightly at the close while adding to the buoyant risk tone. USD/JPY picks up fresh bids and looks to test the daily highs at 108.58.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.