China’s Xi: China needs to adapt to changing situations

• China needs to adapt to changing situations.
• Urges measures to stabilize employment, markets and expectations.
• China to adjust economic plan based on global change.
• To promote transformation of traditional industries.
• We will study and roll out a batch of balanced and accessible policy measures for people’s livelihoods.

There’s nothing new here. Chinese officials continue to repeat the same old stuff but we haven’t really seen any strong action yet.

This article was written by Giuseppe Dellamotta at www.forexlive.com.