The PBOC is out with some comments noting that China will improve its policies and create a more market-oriented and international-level business climate. I would look past the smoke and mirrors here as the meeting seems to involve the forex regulator for some reason. Also, there are plenty of things going on behind the scenes in China right now. Not least after this report from last week:
China central bank and forex regulator meets with foreign financial institutions
- The meeting is said to include Morgan Stanley, HSBC, Deutsche, and also the likes of Tesla and BASF
