China’s Vice Commerce Minister: Will face unprecedented degree of difficulty next year in stabilizing foreign trade

Dhwani Mehta FXStreet

China’s Vice Commerce Minister said in a statement on Thursday, Beijing will face an unprecedented degree of difficulty next year in stabilizing foreign trade.

Earlier on, the country’s Finance Ministry said that the Chinese authorities “will guide overall interest rates lower for Treasury bond issuance in 2022."

Market reaction

AUD/USD was last seen trading at 0.7257, posting 0.13% gains on the day.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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