China president Xi: External uncertainties are rising

Comments by China president Xi Jinping, via state media

  • Calls for targeted policy, to push forward with reforms
  • Says that China will stick to supply-side structural reform
  • To keep economic operations within reasonable range
  • To coordinate stabilising growth, reform, and risk prevention

By external uncertainties, there's no doubt that there is only one thing he could possibly refer to and that is trade tensions with the US. Despite no fresh news between the two countries, markets are still feeling the strain as we observe a more cautious and risk-off mood in trading so far today.

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