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Jimmy James

China Signals Shift In Long Term Policies

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http://news.ft.com/cms/s/ee7a1314-8e5a-11d...00779e2340.html

Good news for inflation in relation to a rising renimbi and therefore increased Chinese export prices

"“China has no intention of faster acceleration of foreign exchange reserves,” he said, adding that he believed “the pace of foreign exchange reserves will be reduced”.

And more importantly, a signal that China seeks to shift away from savings to consupumtion

"Mr Zhou stressed his hope that Chinese people would consume more and have fewer reasons to build savings as reforms kicked in to strengthen Chinese education, healthcare and pensions systems. If these reforms were successful, China’s economic growth could continue at its rapid rate without a further surge in it trade surplus."

The era of low inflation and low global interests are coming to an end... those who have banked the house on presuming they were constant factors may have to rethink

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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