China's central economic work confernce: Will maintain basis stability of the Yuan

  • China's central economic work conference pledges to maintain basic stability of the Yuan exchange-rate and increase pensions while controlling real estate supply.
  • WIll maintain basic stability of Yuan exchange-rate at reasonable and balanced level
  • Will appropriately increase basic pensions
  • Will reasonably control supply of new land supply for real estate, pushing forward the work of handling commercial housing stocks
  • Currently domestic demand is insufficient,
  • Some firms face difficulties in production and operation,
  • People's employment and income growth phase pressures

For a further view on China, see Adam's post from yesterday:

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