China to support export businesses – People’s Daily

Citing the weekly State Council meeting held Wednesday, the People's Daily reported this Thursday, China plans to boost exports by providing trade-oriented businesses with capital and market support.

Additional takeaways

“The initiatives aim to attract foreign investment through an enhanced policy environment which expands the service trade sector.”

“The government also stressed the need to increase employment opportunities and incomes for rural migrant workers by providing them with more incentives to settle in cities, encouraging their participation in infrastructure construction and helping fund their business ventures.”

Market reaction

The above report has little to no impact on the markets, as the dust settles over the FOMC aftermath.

• USD/CNH struggles around 7.000 as US dollar consolidates Fed-led losses