FOREX: Risk Hit Hard as Trump Threatens More Extensive China Tariffs

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MNI London: Reuters reporting excerpts from the annual report on the implementation of this year's economic and social development plan, delivered by Zheng Shanjie, head of the National Development and Reform Commission, at the second plenary meeting of the 14th National People's Congress Standing Committee's 17th session in Beijing today. 

• The report says policymakers will “better coordinate domestic economic work and international economic and trade struggles in the second half” and promote “proactive fiscal policy and a moderately loose monetary policy to fully unleash their effects.”
• The report highlights the orderly construction of Yarlung Zangbo River hydropower project as a priority. It advises “capacity management in key industries” and to “continue improving policy toolbox.”
• China Daily notes that the report said policymakers, in half two, “will prioritize releasing domestic demand potential, advancing technological and industrial innovation, deepening reforms, and expanding opening-up.”
• “Authorities will also focus on preventing and defusing risks in key areas, promoting coordinated development between regions and integrated urban and rural development, pushing for green and low-carbon growth, and improving people's livelihoods, according to the report,” per China Daily.

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